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[ December 21, 2014 | Author: admin | Views: 67683 | Weather: | Mood: normal]

NEW YORK (TheStreet) — Micron Technology (MU) shares gained 1% to reach $24.25 in extended trading after the semiconductor specialist beat Wall Street’s estimates and swung to a profit in its second-quarter results. The Boise-based company reported revenue of $4.11 billion, a 98% increase over the same quarter a year ago. Analysts surveyed by Thomson Reuters were looking for sales of $3.99 billion. On a GAAP basis, Micron earned 61 cents a share on net income of $731 million, up from a net loss of $286 million, or a loss of 28 cents a share, in the prior year’s quarter. Excluding items, Micron earned 85 cents a share on net income of $989 million, comfortably above Wall Street’s estimate of 76 cents a share. Revenue from Micron’s Trade NAND Flash products was up 11% compared to the first quarter thanks to a 35% increase in sales volume which was offset by … Continue reading

[ December 21, 2014 | Author: admin | Views: 36161 | Weather: | Mood: normal]

T. Rowe Price (NASDAQ: TROW  ) isn’t the best-known investment management company in the industry, but with more than half a trillion dollars under management, the company has a long history of serving its mutual-fund customers well. For T. Rowe Price stock, the benefits of the long bull market in stocks and the forward-thinking nature of its no-load fund strategy have helped boost the company’s bottom line, and even as the competitive threat of exchange-traded funds have weighed on mutual-fund managers throughout the industry, recent market turmoil could give the company a chance to regain some of those who fled actively managed funds during the financial crisis. Let’s take a closer look at T. Rowe Price to find out what’s been happening with it lately and how its stock can move higher. Asset management: a winning business model Shareholders of T. Rowe Price and its peers have found that investing in … Continue reading

[ December 21, 2014 | Author: admin | Views: 80318 | Weather: | Mood: normal]

With all of the passwords floating around in an adviser’s head each day — those necessary to log into a computer terminal, a mobile device or a cloud portal — having a secured method for keeping track of those numbers can be invaluable. Russ Thornton, vice president at Wealthcare Capital Management, is always scouting around for new technologies that might improve his practice, and he did a lot of research before settling on a solution for managing his many passwords. But the time and effort he invested in a software system were worth it, he said. “If I get hit by a bus, my wife knows what my master password is, and no one else knows,” he said. “It’s only in our heads, not on paper.” Top Paper Companies To Own In Right Now: Cornerstone Progressive Return Fund(CFP) Cornerstone Progressive Return Fund is a closed-ended equity fund of fund launched … Continue reading

[ December 21, 2014 | Author: admin | Views: 47755 | Weather: | Mood: normal]

While the initial public offering calendar has been jammed this year, its mainly been small deals. Tonight, prescription-data provider IMS Health Holdings Inc. plans to bring a rare billion-dollar debut. The Danbury, Conn.-based company and some of its existing investors — the Canada Pension Plan Investment Board and private-equity firms TPG Capital and Leonard Green & Partners LP — expect to sell 65 million shares for $18 to $21 apiece, according to a regulatory filing. The deal would raise $1.37 billion at the high end of that range, marking the second-largest IPO in the U.S. this year. IMS Health maintains healthcare databases used by pharmaceutical manufacturers, healthcare-plan providers, pharmacies and others. Since its acquisition by TPG and the Canadian pension plan in early 2010, it has made a number of acquisitions to build its consulting and software arm, which is growing faster than its legacy data business and drove the … Continue reading

[ December 21, 2014 | Author: admin | Views: 25479 | Weather: | Mood: normal]

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis. What: Shares of Zillow (NASDAQ: Z  ) got crushed today by as much as 11% after the company announced earnings results So what: Revenue in the first quarter hit a new record of $39 million. That top line beat expectations of $37.4 million, and earnings per share were better than expected. Zillow lost $0.11 per share, which was better than the $0.13 per share in red ink that investors were expecting. However, Goldman Sachs downgraded shares from “buy” to “neutral,” which likely added pressure to the stock today. Now what: The increased expenses this past quarter were related in part to acquisitions made at the end of 2012, which required increased investments in marketing and operating costs. Share-based … Continue reading