Google, the world leader in online search, has frequently been in the news as of late. With the announcement of their new open source phone, the Nexus One, and their threat to leave China over censorship concerns, it has been a very tumultuous quarter for the search giant. The rocky year continued late Thursday as shares of Google slumped more than 5% in after hours trading, sending shares lower by close to $30 a share.
This plunge was despite the fact that the company beat earnings estimates by 31 cents a share, posting per share profits of $6.79 and net revenues of $4.95 billion. Despite the poor reaction to the numbers, things look pretty bright for Google. Their NexusOne phone already makes up 9.3% of the stock according to Trefis and this will likely go higher after the phone hits the market and begins to take market share in the smart phone segment. For updates on how all earnings reports will impact ETFs, sign up for our free ETF newsletter. [click to continue…]
Earlier this year, best-selling author Harry Dent , Jr. ventured into the ETF industry, launching the Dent Tactical ETF (DENT) in a move that further blurred the lines between active and passive management. DENT is actively managed by a team of analysts using primarily economic and demographic analysis to determine the overall trend of U.S. and global economies and how consumer spending patterns may change based on this analysis. DENT has been trading for only about two months, but a look at the fund’s performance over that period and its current holdings reveals some interesting trends. [click to continue…]
After a strong earnings report from Intel on Tuesday (the company beat the Street’s estimates by seven cents) all eyes will now be on IBM and Google to see if they carry the positive momentum into the fourth quarter. Confirmation of a recovery by these two bellwethers will add further confidence to those who believe [...]
Many analysts are building up the coming weeks as one of the most important earnings seasons in recent memory, a report card on the strength and sustainability of the economic recovery in the U.S. So far, the grades have been stellar.
Intel revenue and profits declined from a year ago, but the chip maker managed to [...]
Earlier today, ETF Database Senior Analyst Michael Johnston appeared on Business News Network’s The Close program to discuss ETF plays on Apple’s news regarding Steve Jobs, the new iPhone OS, the new iTunes, and more. Johnston analyzes IYW, QQQQ, and XLK in the live TV interview from the Chicago Mercantile Exchange.
Watch the full interview on [...]
Later today, Apple has an invitation only event scheduled at the Yerba Buena Center for the Arts Theater in San Francisco (10 am Pacific time). Apple has confirmed that the meeting will have a music theme, but beyond that it’s anyone’s guess as to what will transpire at the much anticipated event (some believe the [...]
News broke earlier today that Microsoft and Yahoo! have reached a major search engine deal that will allow Microsoft to become the search engine behind Yahoo!, which will become the worldwide exclusive relationship sales force for both companies’ premium search advertiser. The deal is obviously a blockbuster, one that both companies believe will change the [...]
As the ETF industry has exploded on to the scene in recent years, sponsors have aggressively launched funds in an attempt to gain market share. While many of these new ETFs have attracted sufficient investor funds to justify continued operation, some have failed to garner a level of investment necessary to support an active, liquid market [...]
