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  • Top Tech News For June 05, 2013

    Top Tech News for June 05, 2013

    Samsung wins big on ban of old iPhones, iPads. Apple Inc. (NASDAQ:AAPL) recently took their first loss in the U.S. patent case with Samsung (OTC:SSNLF). This means there could be a ban on imports of older devices which include the versions like the iPhone 4 and iPhone 3GS. In addition to the iPhone ban, 3GS versions of the iPad 1 and 2 violate the patent. This battle for market share is getting out of hand, and it is very unlikely that there is a chance of the two coming to an agreement.

    Amazon stirring up Ad Empire. Google (NASDAQ:GOOG) and Facebook (NASDAQ:FB) have been known to been the leader in the advertising market; however, Amazon (NASDAQ:AMZN) is attempting to jump in the arena. A 46% advertising revenue increase from 2011 is enough to consider the move. With that said Amazon estimates their ad revenue to increase another 37% this year.

    Dell Increases Partnership with Oracle. Dell (NASDAQ:DELL) just recently released news that mentions an increased global deal with Oracle (NYSE:ORCL) in which these two companies will offer products that utilize Dell's hardware and Oracles software. The deal requires that each company refer to each other as a preferred partner. According to Oracle President Mark Hurd this partnership is an extension of
    Oracles engineered systems strategy.

    SalesForce Will Purchase ExactTarget: (NYSE:CRM) agreed on Tuesday to buy ExactTarget (NYSE:ET), a provider of marketing software services. They agreed to purchase this company for about $2.5 billion. Under the terms of the deal, will pay $33.75 a share, nearly 53 percent above ExactTarget's closing price on Monday.

    IBM To Buy SoftLayer: International Business Machines Corporation (NYSE:IBM) the world's largest seller of computer services agreed to buy SoftLayer Technologies Inc., which is a cloud-computing storage provider that will help them compete with Amazon . IBM is paying almost $2 billion for. According to Chief Executive Officer Lance Crosby of SoftLayer, the company had $33.5 million in revenue in 2012, said in an interview.

    Sep 26 9:06 PM | Link | Comment!
  • Proprietary Trading Weekend Market Update - August 11 2013

    Equities snapped a six week winning streak on summertime low volume, led by the Dow Jones Industrial Average's (DJIA) 1.49% weekly loss. The Nasdaq 100 (NDX) gave back 0.79% and the S&P 500 ($SPX) dropped 1.07%. Volatility came back into the market due the lighter than average volume. The spot Volatility Index (VIX) bounced off of the 12 support level, rising 11.94% to end the week.

    Aug 11 2:16 PM | Link | Comment!
  • Proprietary Trading Weekend Market Update August 9, 2013

    Notable earnings due out next week:


    Smart Money Report

    SYY- Sysco will report Q4 earnings before the bell on Monday morning. Analysts are looking for $0.55 in EPS and revenue of $11.6 billion. Options traders are pricing in a $1.65 move, or 4.71%, in either direction through next Friday. The put to call ratio in the August options is currently 6.70.

    MYGN- The Nov. $23/$32 bull risk reversal was put on 2,500 times for a $1.40 debit. Volume was above the open interest in both options.

    NOK- 20k Jan. 2014 $4.50 calls were bought for $0.38 each, against open interest of 35,614 contracts. Check the open interest on Monday for confirmation of new activity. Shares of Nokia are up 0.97%, trading just under the $4.20-$4.30 resistance level.

    AAPL- Apple shares are on pace for the fourth straight decline, down 1.28% in today's session. The call to put ratio in the Aug. options is 1.54, led by activity in the $455, $460, and $470 calls.

    Aug 10 1:18 PM | Link | Comment!
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