The Nasdaq topped 4,000 on Monday, its highest level in 13 years.
The tech-heavy index gained 11 points, or 0.3%, to reach 4,003 shortly after the opening bell amid a broad-based rally that also sent the Dow and S&P 500 higher. The Nasdaq peaked at 4,007.09, before shedding some gains and ending the session up 2.92 points, or 0.07%, at 3,994.57.
The Nasdaq flirted with the 4,000 threshold last week, closing at 3,991.64, up 0.14%, or 6 points. Year to date, the benchmark is up a whopping 32.20%.This is where you want to be invested in right now..
Earnings Today: Citigroup (NYSE: C), Coca Cola (NYSE: KO), and Johnson & Johnson (NYSE: JNJ)
Third-quarter earnings season has picked up, with a number of companies posting earnings today before the opening bell and two tech giants set to report after the close.
When Q3 earnings kicked off a week ago, analysts estimated third-quarter earnings would come in 6.5% higher than the same quarter a year ago.To continue reading, please click here...
How Investors Can Unlock the Power of Profit Margins
Running a business is all about making a profit, so it makes sense that one of the best measures of a company's performance is its profit margins.
Strong profit margins almost always mean a company is well-run, stable, and making money.
A company with healthy profit margins indicates it is efficient at allocating capital and controlling costs, so it can deliver more revenue to the bottom line.
It also means the business has built-in safety. Therefore, a sales slump is less likely to cause an operating loss.
Can "Perceptual Computing" Help Intel Get Its Groove Back?
When you peruse the tech-dominated headlines these days, a lot of the talk is about how smartphones and tablets are taking over for notebooks and laptops - which had taken over for desktop PCs.
But with the confusing mix of keyboards, track pads, touch-screens, and even voice and gesture commands that are in use today, there are at least as many different ways to interact with all those computing devices as there are different devices themselves.
But Intel Corp. (Nasdaq: INTC) is pioneering a new type of technology the chip-giant says will bring order to this interface confusion.
And it refers to this invention as "perceptual computing."
No doubt, this is Intel's latest attempt to regain its relevance in a world that is going mobile at an accelerating rate - a transition that has transformed the once-dominant firm into a veritable also-ran. And most of these earlier attempts amounted to almost nothing at all.
But I believe perceptual computing is different - and, in fact, could have two important results.
Intel (Nasdaq: INTC) CEO Otellini: Leaving While the Leaving is Good
Intel Corp. (Nasdaq: INTC) CEO Paul Otellini made a surprise announcement of his retirement from the firm yesterday (Monday).
Otellini, who has worked for Intel for forty years and has been CEO for the past eight years, said in a statement that "...it's time to move on and transfer Intel's helm to a new generation of leadership."
Opinion has been divided over Otellini's tenure as Intel's CEO. While he has increased revenue and dividends, Intel's share price has risen by only about 1% annually.
Intel has clearly missed the boat on making mobile devices.
Gus Richard, who covers Intel for Piper Jaffray, wrote, "As the PC market has stagnated, Intel has tried to pivot to mobile and increasingly to foundry. However, Intel has had very limited success in mobile and Intel's prices for foundry wafers are 3x that of TSMC's [Taiwan Semiconductor (NYSE ADR: TSM)]."
Richard, who has a "Neutral" rating on Intel shares, continued, "The new CEO will also have numerous internal conflicts to resolve while moving the company forward. Although Otellini's departure is billed as a retirement, in many cases it is not a positive sign when a CEO leaves."
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To Awaken a Sleeping Giant: After Missing the Mobile-Computing Boom, What's Next For Intel Corp. (Nasdaq: INTC)?
From 1990 to 1999, Intel Corp. (Nasdaq: INTC) shares soared 10,000%, making the chipmaking half of the so-called "Wintel" duo a stock that almost every investor wanted to own.
And why not: Intel's processors served as the brains of 90% of the world's personal computers. And the PC market was booming.
It's been a much different story over the last 10 years, however.