QualcommSemiconductor company Qualcomm lost ground on Monday despite activist firm Jana Partners urging it to speed up a $10 billion stock repurchase and consider splitting its business. The stock closed more than half a percent lower, around $69 per share.Trader Dan Nathan said that Qualcomm looked “broken.” He added that it would continue to be a “work in progress.”YahooInternet company […]
Baidu—another recently volatile stock—has shown “impressive” signs, said trader Tim Seymour. The Chinese Internet company climbed about half a percent on Monday.”Don’t run out wholesale on Chinese Internets,” Seymour said.Read MoreWhat slowdown? Chinese firms most upbeat in a yearOracle jumped nearly 2.5 percent on Monday ahead of reporting quarterly results on Tuesday. The computing company looks “interesting” ahead of its […]
When Jon and Pete Najarian, brothers and veteran traders of the Chicago exchanges, could no longer ignore the migration of trades from the pits to the Internet they, along with cofounder Dirk Mueller-Ingrand, pair created in 2006 as a media company that offered news, trading ideas, real-time trading stats, and other resources for options traders.The companies’ explosive growth has been […]
“Where I’d avoid is the consumer-related names. Stay away from the retail-type of names. I think consumer confidence is going to be hit hard,” he said. “But I think some of these commodity names take a bid. The dollar continues to get weaker. Emerging market data gets better, so a Rio Tinto, that type of names—those are where […]
