Stock market today, July 16, 2014: The Dow Jones today (Wednesday) closed up for its 15th record-breaking close in 2014.
U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress again today. She reiterated that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014. Still, in its Beige Book this afternoon, the Federal Reserve said that the economy was expanding at "a modest to moderate pace."
Here’s the scorecard from today’s trading session, and the top stories that affected the stock market today…
Yahoo Stock (Nasdaq: YHOO) Surges Despite First-Ever Mayer Earnings Miss
Yahoo! Inc. (Nasdaq: YHOO) reported second quarter 2014 earnings results after closing bell today (Tuesday). Despite a miss, Yahoo stock surged more than 2.25% after hours.Here’s what’s going on…
The Real Reason Yahoo Purchased Blink, and What That Means for YHOO Stock
Yesterday, Yahoo Inc. (Nasdaq: YHOO) acquired Blink, a mobile-messaging app that allows users to send texts, pictures, and videos that self-destruct after an allotted period of time.
The acquisition fits into Yahoo's trend of buying small mobile companies in hopes of further strengthening its share of the mobile market.Yahoo and CEO Marissa Mayer better hope that this strategy pays off, because if it fails YHOO stock could be in serious trouble…
Alibaba IPO: Profits Soar as Investors Await Filing
Yahoo! Inc. (Nasdaq: YHOO) shareholders and prospective Alibaba investors were eagerly awaiting the Yahoo earnings report yesterday as it provides a glimpse into Alibaba's financial numbers.
The report didn't disappoint, as Alibaba saw its profits more than double in the fourth quarter of 2013.As Alibaba prepares for its IPO in 2014, its value keeps rising. If it continues this strategy, it may be the biggest U.S. IPOs we've ever seen...
How to Play Yahoo! (Nasdaq: YHOO) Stock After Earnings
Yahoo Inc. (Nasdaq: YHOO) beat Wall Street predictions after the bell on Tuesday by $0.01, with earnings per share (EPS) of $0.38. Despite the beat, the digital media giant's revenue remained stagnant, and its operating income dropped 84% compared to the same quarter a year earlier.Here's how our expert suggests playing Yahoo stock after Tuesday's earnings results...
The Alibaba IPO Will Make Billions of Dollars for This Tech Company
The Alibaba IPO is officially coming to the United States in 2014, and the deal is expected to raise as much as $15 billion for China's largest e-commerce company.
A Reuters report in February polled eight analysts who estimated that Alibaba could reach a valuation of $140 billion.
Naturally, investors want in on the Alibaba IPO, which is likely to be one of the largest IPOs in U.S. history. Those who are able to get their hands on shares of Alibaba before it goes public stand to make quite a profit.But no one will be profiting quite like this company...
Yahoo (Nasdaq: YHOO) Down 8.7% Today, Is Mayer's Honeymoon Over?
Yahoo (Nasdaq: YHOO) stock has nearly tripled since Chief Executive Officer Marissa Mayer took over in July 2012. But an 8.7% slip today (Wednesday) after a down revenue report has investors wondering whether Mayer's bullish touch is coming to an end.To see the video, please click here...
- Yahoo! Inc. (Nasdaq: YHOO) Earnings Update: Mayer's Perfect Streak Continues The honeymoon may be over for Yahoo! CEO Marissa Mayer. While her streak of beating earnings estimates remained intact, investors focused on problems with the company's core business and promptly punished the stock. Yet Mayer promised that one strategy she has focused on in the past year will eventually pay off...
What's Next for Yahoo! (Nasdaq: YHOO) and J.C. Penney (NYSE: JCP) Stocks
This week, Yahoo! parted ways with Chief Operating Officer Henrique de Castro, whom Chief Executive Officer Marissa Mayer poached from Google in October 2012. That's because the ship de Castro was steering - digital ads - has more than halved since 2008, and dropped from 6.8% to 5.8% in 2013.To watch the video, please click here...
Tech Stocks in 2014: What to Buy, What to Avoid
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Thursday) to discuss the viability of tech stocks in 2014.
The hype and excitement that follow tech stocks can make them particularly volatile. Although Gilani cautions viewers against tech stocks that have reached 52-week highs, he generally believes tech stocks will soar in 2014, and states that "they're global, they're going to be here for a long time, and they're a good place to remain."
Gilani especially cautions viewers against Yahoo! (Nasdaq: YHOO), as he believes the "underlying numbers have not been looking great," highlighting lower display and search revenue in November.To watch the video, please click here...
Is Yahoo (Nasdaq: YHOO) Stock a Buy?
Yahoo (Nasdaq: YHOO) stock has climbed more than 28% in the past three months and is up 97% year to date. Now the tech company is planning to acquire a startup that helps people exchange pictures and downloads.
Since Marissa Mayer took over as Yahoo's chief executive officer in 2012, the company has made more than 20 acquisitions, mostly startups.To watch the video, please click here...
Yahoo! (Nasdaq: YHOO) Purchase Reveals Its New Strategy
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co.," where he lent expert insight on the latest move by digital media giant Yahoo! Inc. (Nasdaq: YHOO).
On Friday, Yahoo acquired Evntlive, a concert-streaming startup that was co-founded by former Cisco Systems Inc. (Nasdaq: CSCO) Chief Technology Officer Judy Estrin.To continue reading click here...
- What to Do With Yahoo's (Nasdaq: YHOO) 80% Gain After one year, Yahoo CEO Marissa Mayer has brought the company back from the brink of irrelevance; whether she can return Yahoo to its former glory has been an open question. But there is one key area in which Yahoo has surged ahead of even Google, and that could change everything... Read more
Yahoo-Tumblr Deal a Hail Mary Pass That May Never Pay Off
The Yahoo-Tumblr deal is a $1.1 billion gamble aimed at rejuvenating a stagnating business, but is more likely to end up a costly mistake.
The deal, announced today (Monday), is by far Yahoo CEO Marissa Mayer's biggest - and riskiest - acquisition yet.
Yahoo! Inc. (Nasdaq: YHOO) wanted access to Tumblr's 117 million users, most of them teens and young adults, to give it a beachhead into the ever-more important world of social media.
Tumblr has grown rapidly by making it easy not only to create blogs, but for Tumblr users to follow and share one another's posts.
But Tumblr, like so many other social media companies, is not exactly a money machine. Analysts estimate the company's 2012 revenue was just $13 million, making it a pricey acquisition indeed.Read More...