The shares of Plug Power Inc (NASDAQ:PLUG) surged 9.57% higher to close at $4.58 after the CEO announced a financing deal for new customers. The company is likely to surpass analyst’s estimate for earnings for 2015 fiscal year. According to the latest announcement, Plug Power Inc (NASDAQ:PLUG) and M&T Bank Corporation (NYSE:MTB) have reached a…
CarMax, Inc (KMX)’s Shares Drop 9.49% Post Poor Quarterly Results and Declining Same-Store Sales
A poor quarterly result from CarMax, Inc (NYSE:KMX) lead to a 9.49% drop in its share price closing at $47.80. It was not only the company but several other auto retailers lost share prices including Lentuo International Inc (NYSE: LAS), Lithia Motors Inc (NYSE: LAD), and Asbury Automotive Group, Inc. (NYSE: ABG) losing after investor…
Alibaba Group Holding Ltd (BABA) Poses Bigger Threat to Amazon.com, Inc. (AMZN) and eBay Inc (EBAY) in Overseas Markets
A company larger than the market value of two major e-commerce companies of U.S. including Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) makes its record debut at $25 billion in U.S.- yes, it is certainly Alibaba Group Holding Ltd (NYSE:BABA). The question arises that is U.S. market the next target of this e-commerce giant. Alibaba…
Apple Inc (AAPL) Spends At least $200 or Higher for Every iPhone 6 Device
After the successful launch of the latest iPhone 6, Apple Inc (NASDAQ:AAPL) touched 10 million-mark for its latest version of the device. A teardown analysis of iPhone 6 shows that Apple Inc spends between $200 and $247 in parts and assembly of the device. The teardown analysis from IHS indicates a total cost of $216…
Williams Companies, Inc. (WMB), CBS Corporation (CBS), Groupon Inc (GRPN): New Picks of Tyrus Capital
Tony Chedraoui manages Tyrus Capital with a net portfolio of $759 million, as per its recent SEC 13F filing. Tyrus Capital primarily focuses on Services and financial sector with a 1.54% change in its portfolio during the last quarter. Williams Companies, Inc. (NYSE:WMB), CBS Corporation (NYSE:CBS), Groupon Inc (NASDAQ:GRPN) are the latest introductions in its…
Alibaba Group Holding Ltd (BABA)’s Bankers Made it the Biggest IPO with $25 Billion in Funds
In the line of several records that the IPO of Alibaba Group Holding Ltd (NYSE:BABA) has broken during its first public offering, the bankers of Alibaba ensured that the e-commerce giant becomes the biggest IPO in the history by raising $25 billion. Bankers of Alibaba Group Holding Ltd (NYSE:BABA) practiced their right to trade another…
Chinanet Online Holdings Inc (CNET) Reaches 52-Week High After Winning Award
It was an excellent day for Chinanet Online Holdings Inc (NASDAQ:CNET) as the company hit its 52-week high in the morning session of trading at $3.98. According to CNET, the sharp incline in share prices was because of its award at the 2014 Chinese e-Commerce Industry Gateway Conference. Chinanet Online Holdings Inc (NASDAQ:CNET) was awarded…
S&P 500 Index (SPX) Fell 16 Points Amid Less Than Expected Housing Data Results
In what could be called as the worst fall for S&P 500 INDEX (INDEXCBOE:SPX) since August 5, the index lost 16.11 points after poor housing data results. At the same time, NASDAQ Composite (INDEXNASDAQ:.IXIC) fell 52.10 points to mark its worst day since July 31. The latest housing data raised doubts about the overall growth…
Alibaba Group Holding Ltd (BABA), GoPro Inc (GPRO), Mobileye NV (MBLY) Among the Top 3 IPOs in Cramer’s List
Jim Cramer has given his verdict on the top IPOs of the year including Alibaba Group Holding Ltd (NYSE:BABA), GoPro Inc (NASDAQ:GPRO), and Mobileye NV (NYSE:MBLY). Despite of its impressive takeoff, Alibaba Group Holding couldn’t impress Cramer enough and stood at number three in terms of profitability for investors. For Alibaba Group Holding Ltd (NYSE:BABA),…
Alibaba Group Holding Ltd (BABA)’s Shares Might Double in Price Within 1 Year
In one of the most extraordinary revelations from MKM Partners, Alibaba Group Holding Ltd (NYSE:BABA) is likely to double on its current share price considering some positive investments made by the company. The shares of the Chinese e-commerce giant declined 4.26% on the second day of trading and closed at $89.10 in the after-hours trade.…