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[ August 31, 2016 | Author: Admin | Views: 73489 | Weather: | Mood: normal]

Eric Dy, co-founder and CEO of Bloom Technologies, accepting his award from Richard Branson after winning the Extreme Tech Challenge contest. Eric Dy is reeling from one of his most memorable experiences as an entrepreneur. Late Wednesday, Dy stood before Richard Branson for seven minutes and pitched his startup Bloom Technologies in the final round of the Extreme Tech Challenge contest. The San Francisco-based firm has developed a wearable sensor tied to an app that allows expectant moms track their pregnancy, such as frequency, duration, and intensity of contractions. Bloom Technologies was one of three finalists that traveled to Necker Island, Branson’s private Caribbean island, and pitch their business directly to the titan. Dy’s presentation landed Bloom Technologies the big win. Hot Communications Equipment Stocks To Buy Right Now: Cinemark Holdings Inc(CNK) Cinemark Holdings, Inc. and its subsidiaries engage in the motion picture exhibition business. As of June 30, 2011, … Continue reading

[ August 31, 2016 | Author: Admin | Views: 78517 | Weather: | Mood: normal]

Nearly 100 years ago, J.P. Morgan, the man, would end panics in the market by lending his own money and forcing other bankers to do the same. Today, JPMorgan Chase, (JPM) the company, helped push the market higher after its earnings weren’t nearly as bad as feared. Michael Nagle/Bloomberg The S&P 500 advanced 1% to 2,082.42, its highest close in more than four months while the Dow Jones Industrial Average rose 187.03 points, or 1.1%, to 17,908.28, its highest close in more than five months. The Nasdaq Composite rose 1.5% to 4,947.42, its highest close of 2016. Credit today’s rally to JPMorgan Chase, which handily beat earnings and revenue forecasts. That helped lift its own stock 4.2%, but also boosted the shares of other banks—Citigroup (C) surged 5.7% to $44.27, while Bank of America (BAC) jumped 3.7% to $13.76–in anticipation of their own earnings beats. “The outlook for financials was … Continue reading

[ August 31, 2016 | Author: Admin | Views: 61252 | Weather: | Mood: normal]

Goldman Sachs analystWaqar Syed and team see “green shoots [appearing] in the distance” for oil-field-services sector…just not offshore drillers. They explain why they cut Atwood Oceanics (ATW) and Noble (NE) to sell, where they join Transocean (RIG): Photo: George Osodi/Bloomberg Avoid offshore drillers as high-priced backlog rolls over (Sell Transocean/Atwood Oceanics/Noble) Offshore driller is the only group where we expect EPS/EBITDA to continue to fall through 2018. The group looks over-valued on 2018 EBITDA estimates as a result. Offshore driller EBITDA for 2016 is being supported by legacy contracts that are almost twice the current spot rates. As these contracts expire in 2016/2017 and rigs roll-over to spot rates, EBITDA should fall sharply (on average 2018 EBITDA 46% lower versus 2016)… 5 Best Transportation Stocks To Own For 2016: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.(OMAB) Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is a holding company. The … Continue reading

[ August 31, 2016 | Author: Admin | Views: 57980 | Weather: | Mood: normal]

This post is sponsored by DriveWealth If You Thought The Primaries Were Crazy… Now that the US presidential primary season is winding down and the two main contenders have become clear (Donald Trump and Hillary Clinton), it’s time to take a step back and consider how the US presidential election will affect markets. To begin, if there’s one thing we’ve learned in this election cycle, it’s to expect the unexpected. Indeed, there may still be more surprises heading into or at the party conventions in July. And even after the conventions anoint their nominees, both candidates have various clouds hanging over their heads: Clinton is under an FBI investigation for her use of private email while Sec. of State, and Trump? Well, let’s just say he’s Trump. To my thinking, investors need to brace for further uncertainty from the political sphere as the main campaign unfolds. As the campaign intensifies, we can also expect more confrontational … Continue reading

[ August 31, 2016 | Author: Admin | Views: 90909 | Weather: | Mood: normal]

Reuters The mystery bidder against Australias Oil Search in the bid for InterOil (IOC) has been identified as Exxon Mobil (XOM). And it looks like the U.S. oil giant now has the upper hand in the takeover tussle. Late Sunday, IOC confirmed that the unsolicited offer it received on June 30 was made by Exxon, and has deemed its proposal superior to the $2.2 billion deal it struck with Oil Search in may. As IOC said in a prepared statement: A payment of $45.00 per share of InterOil, paid in ExxonMobil shares. The number of ExxonMobil shares paid per share of InterOil would be calculated based on the volume weighted average price of ExxonMobil shares over a measuring period of ten days ending shortly before the closing date. A Contingent Resource Payment (“CRP”), which would be an additional cash payment of approximately $7.07 per share for each tcfe gross resource … Continue reading