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Celebrated Wall Street stock picker Mark Mahaney offers his best tech investing advice: When a company name becomes a verb, it’s time to buy

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“He also offered one surprising tips on a good time to pounce on a tech stock: “look for the lucky lexicons.”” writes Julie Bort for businessinsider.com. Wall Street analyst Mark Mahaney, managing director at RBC Capital Markets, is widely known as one of the most accurate stock pickers on the Street.If it operates in a huge market, like global advertising (Google), global retail (Amazon) or entertainment (Netflix), the answer is yes.As big as those companies are, they have still only scratched the surface of the global spending in their industries. Source:…

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Asian stocks choppy, sentiment shaken by sliding yuan

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“Lastly, a weaker yuan deepens trade war concerns.”” writes Midwest Communications Inc for 95kqds.com. First, a weaker yuan challenges the competitiveness of other Asian economies,” said Shusuke Yamada, currency and equity strategist at Bank of America Merrill Lynch in Tokyo.The dollar index against a basket of six major currencies stood little changed at 95.178 after being knocked down from 95.652, its highest level since July 2017.”The weaker currency also causes fears of capital leaving China and disrupting their capital markets, which could have knock-on effects on Asia.With China showing little…

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Microsoft stock adds to gains after strong outlook complements earnings beat

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“Microsoft Corp. stock gains accelerated in after-hours trading Thursday, after the tech giant added a strong outlook to quarterly results that topped Wall Street estimates” writes Wallace Witkowski for marketwatch.com. Revenue rose to $30.09 billion from $25.61 billion in the year-ago period, compared with FactSet-polled analysts expecting an average $29.21 billion.On average, analysts polled by FactSet expected adjusted earnings of $1.08 a share.Hood also said the company expects “Intelligent Cloud” revenue of $8.15 billion to $8.35 billion, with Wall Street targeting $8.15 billion; and “Productivity and Business Processes” revenue between…

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Microsoft stock spikes after earnings forecast beats expectations

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“In total, that suggests first-quarter revenue of $27.35 billion to $28.05 billion” writes Jeremy C for marketwatch.com. Shares had been up 1% after the company’s fiscal fourth-quarter earnings report showed stronger-than-expected profit and sales.MSFT, -0.68% shares jumped to a 4% gain in after-hours trading Thursday after the tech giant supplied its forecast for the first quarter of the 2019 fiscal year.Analysts on average were projecting revenue of $27.4 billion, according to FactSet. Source: marketwatch.com Share This:

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Stocks Climbing Despite Trade Worries, But Other Markets Are Flashing Warning Signs

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“The price drop here is less dramatic, but it is hardly a positive sign” writes Martin Tillier for nasdaq.com. For many people, the recent direction of the stock market is somewhat puzzling.Despite what this administration keeps insisting, there are no winners in trade wars, particularly those conducted on multiple fronts.The strange thing is that if you google “copper price warning” or “doctor copper” as it is sometimes known, there are no recent results for articles pointing this out.At that time, the view that I espoused, that imposing tariffs was a…

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Markets News Stocks 

Michael Batnick: Pareto

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“Misleading is not my M.O. The top 5 companies have a market cap of $4.09T, the next 213 companies have a market cap of $17.14T, and the remaining 282 have a market cap of $4.02T” writes Michael Batnick for theirrelevantinvestor.com. The first decile is the 50 largest stocks, the second decile is the next 50 largest stocks, and so on.This chart shows that the five largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks.The Pareto Principle is a feature of financial markets, not…

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IBM stock on pace for best day since October, though earnings leave doubters

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“IBM IBM, +2.66% shares were up 3.2% at noon Eastern time Thursday, following an earnings report released Wednesday afternoon in which IBM posted adjusted earnings of $3.08 a share on revenue of $20 billion” writes Emily Bary for marketwatch.com. Scribner lowered her price target to $150 from $160 following the “OK quarter” and kept her hold rating intact.He rates the stock at market perform with a $150 price target.The average price target is $164.10, 9.5% above current levels.International Business Machines Corp.’s stock is on pace Thursday for its best single-day…

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Shares of eBay drop 9 percent after weak growth, lowered revenue forecast

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“We expect eBay shares to revisit recent lows, as the headwinds in StubHub was an unexpected development,” Credit Suisse said” writes Michael Sheetz for cnbc.com. Shares of eBay fell 9 percent in trading Thursday after the company reported sluggish growth in its marketplace business and lowered its revenue forecast for the the rest of the year.The online marketplace reported second-quarter earnings of 53 cents per share, while revenue came in at $10 billion. Shares of eBay were nearly flat for the year before its second-quarter earnings report, up 0.6 percent…

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Lions Gate started at outperform with $28 stock price target at Imperial Capital

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“Imperial Capital initiated coverage of Lions Gate Entertainment Corp on Thursday with an outperform rating and price target of $28” writes Sarah Toy for marketwatch.com. “Lions Gate’s LGF.A, +3.94% overall strategy and niche in the marketplace is simple to digest and investor-friendly,” analyst David Miller wrote in a note to investors. Source: marketwatch.com Share This:

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Avis to give Amazon customers 20% gift card for using Alexa to book a car

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“And later in July, Amazon customers who rent an Avis car using Amazon Alexa will receive an Amazon gift card valued at 20% of the rental price” writes Reporter Editor for marketwatch.com. The new benefits are part of a relationship formed last year, when Avis launched a skill for Amazon Alexa that enables Avis customers to make a car rental reservation. HTZ, -0.37% have plunged 38%, Amazon shares have soared 58% and the S&P 500 SPX, -0.42% has gained 5.3%.AMZN, -0.39% customers who book a rental car through Avis.The benefits…

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