Last week, tech giant Cisco (CSCO) beat quarterly revenue estimates by $120 million and beat earnings guidance by $.03. Cisco issued its results in the late hours of May 14th, prompting an after-hours trading surge of Cisco stock. After closing at around $22.80 per share, Cisco opened on May 15th at over $24 and is now priced at $24.82. Additionally, Deutsche Bank upgraded Cisco to a “buy” rating, with a price target of $30.
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Two Tech Titans Clash
Last Friday, May 2, a California court ruled in Apple’s favor during an ongoing (and ridiculous) patent lawsuit against South Korean tech giant Samsung. The case, brought by Apple (APPL), accused Samsung of four patent infringement violations. After the courts deemed Samsung had knowingly violated U.S. Antitrust laws, Apple was awarded $119.6 million in damages - a fraction of the $2.2 billion they sought.
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The Largest IPO In History?
China’s many decades of growth and development have resulted in its gradual transition from an emerging economy, centered around manufacturing, to a developing economy, focused on services and consumerism. According to Bloomberg.com, last year was the first time China’s electronics industry outpaced the steel sector (a big deal).
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China's Twitter Twin
Last Thursday (April 17) Weibo (WB), a premier Chinese social media company, began trading on the NASDAQ. Weibo’s social media app is widely considered to be the “Chinese” version of Twitter (TWTR). Most interest in Weibo’s IPO stems from investor concern over future Chinese listings on American exchanges. For many prospective investors, Weibo is considered a case study meant to reflect the success of Alibaba’s future IPO.
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Members Of The Wrong 1%
US Airways and American Airlines completed a merger in December of 2013 to form the American Airlines Group (AAL), becoming the world’s largest airline in the process. The deal, worth more than $11 Billion ($8 billion less than the WhatsApp acquisition, for those keeping track) joined the two fleets, unions, contracts, and staffs to form one mega-airline.
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Raise The Bar, Raise The Flag
It's a curious thing... the impact of economics on societal progress. For instance, understanding macro models allows the masses to understand economic growth, and how to facilitate or stymie it. Likewise, microeconomics provides the populace with insight into how people make seemingly rational choices at the individual level.
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Recognizing Reality
Recently there has been what some investors believe are “corrections” to major stock markets. However, the reality is that these major corrections may instead be extreme turning points – the result of major economies, like America, trading long-term growth for short-term stability.
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