The market has essentially shrugged of a potential conflict in Ukraine and Russia and nonfarm payrolls came in better than expected.
Shares of Ambarella (AMBA) are falling Friday after the company announced it expects lower gross margins in the first quarter, and despite beating analysts' estimates for earnings and revenue in the fourth quarter.
21Vianet (VNET) tumbled on Friday despite posting better-than-expected earnings and sales for its fourth quarter.
Tesla (TSLA) will not be building its Gigafactory in California, according to a report in The Los Angeles Times. The report states that Tesla has rule the Golden State out of contention as the home of its Gigafactory, which will cost $4 billion to $5 billion and employ 6,500 people. Neither the company nor the state offered a concrete reason, but the report states cost, specifically real estate prices, and politics are the two main reasons. Tesla is now looking at 500-acre to 1,000-acre locations in Arizona, Nevada, New Mexico and Texas.
As productivity begins to fall in the United States, companies will be forced to hire to maintain output levels.
Alibaba's vice chairman made several appearances this week at tech banking conferences. It suggests an IPO filing is coming soon.
Plug Power's (PLUG) time has come. The hydrogen fuel cell maker which has consistently lost money for years now has found the market that will allow its product to push the company into the black.
Shares of Quantum Fuel Systems Technologies (QTWW) are gaining Friday following fourth quarter results that beat analysts' revenue estimates.
Omnicom Group (OMC) rises on Friday after news that Instagram, which Facebook FB purchased for $750 million in 2012, had closed a $100 million deal with the advertising group. Advertising Age reported that the two sides had reached a deal to allow Omnicom-represented brands to show advertisements on Instagram users' feeds. The two sides confirmed the partnership, Instagram's first with a major ad agency, but would not disclose the terms of the deal. Instagram noted in a statement the deal would not alter its advertising strategy and that the ads would be consistent with the user-generated content on the service. According to the report, a given ad in a user's stream would be controlled so that it remains for an extended period of time (one executive said more than a day) even if the user logs out and in again.
Facebook (FB) dips despite the news that Instagram, which Facebook bought for $750 million in 2012, had reached a $100 million deal with Omnicom Group OMC. Advertising Age reported that the two sides had reached a deal to allow Omnicom-represented brands to show advertisements on Instagram users' feeds. The two sides confirmed the partnership, Instagram's first with a major ad agency, but would not disclose the terms of the deal. Instagram noted in a statement the deal would not alter its advertising strategy and that the ads would be consistent with the user-generated content on the service. According to the report, a given ad in a user's stream would be controlled so that it remains for an extended period of time (one executive said more than a day) even if the user logs out and in again.
Last year was a great year for U.S. stocks, so investors should harvest some of those gains and put the profits into emerging market stocks, which sold off last year due to Fed tapering worries.
FERC Commissioner Philip Moeller says its Order 1000 is trying to create a more competitive market place for the building of transmission.
Shares of Nike (NKE) are gaining Friday following positive fourth-quarter results from Foot Locker (FL)
These stocks look poised to break out and trade higher from current levels.
Analogic (ALOG) plunges after the company, which provides technology for medical imaging, security and ultrasounds, reported second-quarter results that fell short of analysts' expectations despite a surge in profits. The Peabody, Mass.-based reported a profit increase to $19.3 million, or $1.53 a share, from $9.8 million, or 78 cents a share, in the same period one year earlier. These figures included tax benefits of $8.8 million, or 69 cents a share, chiefly linked to tax reduction expected to be payable in the future associated with Canadian operations. Adjusted earnings totaled $14.8 million, or $1.17 a share. Revenues climbed 2% year over year to $141.4 million from $138.6 million. Analysts expected earnings of $1.20 per share on revenue of $151.71 million, according Thomson Reuters. Gross margin improved to 43% from 40%. Analogic also announced it closed its manufacturing operations in Denver and would close a facility in Vancouver by the end of the fiscal year. Analogic updated its guidance for the full year 2014 and now expects revenues and operating margin to be approximately flat with 2013; the company previously anticipated revenue growth in the high single digits compared to 2013.
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