Russian stocks listed on the Micex are down over 9% Monday morning as investors ponder the impact of the ongoing Ukrainian political crisis on the Russian economy.
Holders of the Market Vectors Russia (RSX) exchange traded fund will wake up Monday morning to losses of 8% or more. In the pre-market hours, RSX was down 8.3%. The ruble continued its historic slide against the dollar today and is now trading at 36.37 in Moscow. It closed at 36.18 on Friday.
Major Russian companies saw their market caps erode. Shares in state-owned gas major Gazprom Gazprom fell by 11%. Gazprom is dealing with defaults on natural gas payments of around $1.4 billion.
Trading of steel and mining company Mechel Mechel was temporarily halted this morning when its shares fell over 26%. Russia�� two largest banks, Sberbank Sberbank and VTB, lost 8.2% and 11.2% respectively. On the NYSE, internet company Yandex is already down 10% in the pre-market.
Russia�� Central Bank increased interest rates by 1.5 percent in a surprise move Monday. The overnight lending rate is now 8%. The hike follows an 18-month period of relatively dovish monetary policy.
Top 5 Gas Utility Companies To Watch For 2016: Symantec Corporation(SYMC)
Symantec Corporation provides security, storage, and systems management solutions internationally. The company?s Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. Its Security and Compliance segment provides solutions for endpoint security and management, compliance, messaging management, data loss prevention, encryption, and authentication services to large, medium, and small-sized businesses, as well as offers solutions through its software-as-a-service (SaaS) security offerings. This segment?s products enable customers to secure, provision, and remotely manage their laptops, PCs, mobile devices, and servers. The company?s Storage and Server Management segment provides storage and server management, backup, archiving, and data protection solutions across heterogeneous storage and server platforms, as well as solutions delivered through its SaaS offerings to large, medium, and small-s ized businesses. Symantec?s Services segment offers implementation services and solutions, including consulting, business critical services, education, and managed security services. The company also provides various enterprise support offerings, such as annual maintenance support contracts, including content, upgrades, and technical support. It sells its products through its eCommerce platform, as well as through distributors, direct marketers, Internet-based resellers, system builders, ISPs, and retail locations worldwide. Symantec markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. The company was founded in 1982 and is headquartered in Mountain View, California.
Advisors' Opinion:- [By Anora Mahmudova]
Symantec Corp. (SYMC) slid 13% after the security-software maker fired Chief Executive Steve Bennett late Thursday and replaced him with board member Michael Brown.
- [By Wallace Witkowski]
Symantec Corp. (SYMC) �shares dropped 7% to $19.44 on heavy volume, after a brief halted at the closing bell, as the security software company fired Chief Executive Steve Bennett.
- [By Paul Ausick]
Symantec Inc. (NASDAQ: SYMC) reported second fiscal quarter 2014 results after markets closed on Wednesday. For the quarter, the network security software maker posted adjusted diluted earnings per share (EPS) of $0.50 on revenues of $1.64 billion. In the same period a year ago, the company reported EPS of $0.45 on revenues of $1.7 billion. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.44 and $1.69 billion in revenues.
Top 5 Internet Stocks To Invest In 2015: Google Inc.(GOOG)
Google Inc. maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. It offers AdWords, an auction-based advertising program; AdSense program, which enables Web sites that are part of the Google Network to deliver ads from its AdWords advertisers; Google Display, a display advertising network that comprises the videos, text, images, and other interactive ads; DoubleClick Ad Exchange, a real-time auction marketplace for the trading of display ad space; and YouTube that provides video, interactive, and other ad formats for advertisers. The company also provides Google Mobile that optimizes Google?s applications for mobile devices in browser and downloadable form; and enables advertisers to run search ad campaigns on mobile devices, as well as Google Local that provides local information on the Web; and Google Boost for small businesses to participate in the ads auction. In addition, it offers And roid, an open source mobile software platform; Google Chrome OS, an open source operating system; Google Chrome, a Web browser; Google TV, a platform for the consumers to use the television and the Internet on a single screen; and Google Books platform to discover, search, and consume content from printed books online. Further, the company provides Google Apps, a cloud computing suite of message and collaboration tools, which includes Gmail, Google Docs, Google Calendar, and Google Sites; Google Search Appliance that offers real-time search of business and intranet applications, and public Web sites; Google Site Search, a custom search engine; Google Commerce Search for online retail enterprises; Google Checkout to make online shopping and payments streamlined and secure; Google Maps Application Programming Interface; and Google Earth Enterprise, a firewall software solution for imagery and data visualization. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
Advisors' Opinion:- [By Evan Niu, CFA]
The future of Google's (NASDAQ: GOOG ) Nexus phones appears to be up in the air. On one hand, Android/Chrome chief Sundar Pichai told AllThingsD at D11, "The goal with Nexus was to push forward hardware with partners. That will continue as well." That somewhat vague statement seems to confirm that there will be more Nexus-branded phones in the future.
- [By Daniel Sparks]
Another report places Apple (NASDAQ: AAPL ) at the top when it comes to customer satisfaction. But some of Apple's competitors are closing in -- particularly, Google (NASDAQ: GOOG ) .
- [By Contessa Gayles]
In fact, black women are only 2% of the United States' science and engineering workforce, while white men comprise 51%, according to the National Science Foundation. Google (GOOG) brought tech's diversity issues into the spotlight last week, when it reported that just 30% of its employees are women and 2% are black.
Top 5 Internet Stocks To Invest In 2015: eBay Inc.(EBAY)
eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com; and classifieds Websites, including Den Bl�Avis, BilBasen, Gumtree, Kijiji, LoQUo, Marktplaats.nl, mobile.de, Alamaula, Rent.com, eBay Anuncios, eBay Kleinanzeigen, and eBay Annunci, as well as provides advertising services. The company?s Payments segment offers payment and settlement services for consumers and merchants on and off eBay Websites and other merchant Websites. This segment operates PayPal, which enables individuals and businesses to send and receive payments online and through mobile devices; Bill Me Later that enables the United States merchants to offer, the United States consumers to obtain, credit at the point of sale for ecommerce and mobile tra nsactions; Zong, which allows users with mobile phones to purchase digital goods and have the transactions charged to their phone bill; and BillSAFE that enables customers pay for purchases upon receipt of an invoice. Its GSI segment offers an ecommerce services suite for enterprise clients that operate in general merchandise categories, including apparel, sporting goods, toys and baby, health and beauty, and home; and marketing services comprising full-service digital agency, enterprise email marketing, mobile advertising, affiliate marketing, advertisement retargeting, and in-depth analytics services. The company also offers X.commerce platform that provides software developers access to the company?s applications programming interfaces to develop functionality for various merchants; and Magento Connect, which allows developers to market and sell add-on functionality and solutions to merchants that use a Magento storefront. eBay Inc. was founded in 1995 and is headquarter ed in San Jose, California.
Advisors' Opinion:- [By reports.droy]
Yet the facility is used by only 15% of the massive Indian population, which leaves a huge consumer band yet to be tapped. This potential has caught the attention not only of indigenous innovators and entrepreneurs but also the global big wigs like Amazon, Ebay (EBAY) and Alibaba (BABA). Let us take a closer look at the ongoing clash of the titans in this sector��the indigenous Flipkart against the global hero Amazon.
- [By WWW.DAILYFINANCE.COM]
www.ebay.com There were plenty of winners and losers in the business world this week, with the leading online auction site suffering a massive data breach and a streaming video service expanding overseas. Here's a rundown of the smartest moves and biggest blunders. eBay (EBAY) -- Loser A massive data breach at eBay was reported this week. Hackers cracked into eBay's database, gaining access to the names, email addresses, phone numbers, addresses and birthdays of its 233 million registered users. Passwords and payment information were encrypted, and are in all likelihood safe, but eBay is telling folks as they log into the site to change their passwords as a precautionary measure. Identity theft at websites and retailers is a major problem, but why are companies so slow to get the news out? The hack at eBay took place nearly three months ago, and eBay found out about it two weeks ago. Why did it wait until Wednesday to announce the breach? It also didn't mail its users, choosing instead to let them know about it when they logged into the site. Such situations are unfortunate, and unfortunately becoming more common, but companies need to own up to the breaches sooner and communicate with their customers more effectively when they happen. Netflix (NFLX) -- Winner The leading premium video streaming service is about to collect some more passport stamps. Netflix announced on Wednesday that it will be expanding into Germany, Austria, Switzerland, France, Belgium and Luxembourg later this year. The moves were widely expected. Variety spilled the beans on Netflix being in talks to enter France and Germany several weeks ago. After offering its digital platform in the United Kingdom and Scandinavia, the central Europe is a logical next step. Sears Holdings (SHLD) -- Loser Several out-of-favor retailers bounced back a bit this earnings season, but Sears wasn't one of them. The parent company of Kmart and its namesake department store saw sales fall 7 percent in it
- [By Rex Crum]
Other decliners included Microsoft Corp. (MSFT) , eBay Inc. (EBAY) , Amazon.com Inc. (AMZN) �and Micron Technology Inc. (MU) .�
Top 5 Internet Stocks To Invest In 2015: CYNK Technology Corp (CYNK)
Cynk Technology Corp., formerly Introbuzz, Inc., is a development stage-company. The Company intends to develop a social network business. Social networks are Web based services that allow individuals to post a profile and link their profile to other friends and organizations.
The Company intends to develop a database of professional and other business persons, as well as other interested persons in providing and utilizing contacts. As of November 14, 2012, the Company had not generated any revenue.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
CYNK Technology (CYNK), the mysterious over-the-counter stock that at one point broke a $6 billion market cap, dropped roughly 80 percent in its first trades after a Securities and Exchange Commission halt. The SEC halted CYNK for two weeks following a massive rise in the stock's value -- it had been worth only a few cents per share in June, but it jumped above $21 on July 10. The Belize-based CYNK Technology supposedly operates a social networking site, but filings indicate it only has one employee and virtually no assets. Experts told CNBC the week of the SEC halt that they expected CYNK to fall precipitously after reopening, and its first day of trading is proving those predictions correct. When it was halted, the stock was worth just less than $14 per share, and is now below $3 a share after briefly hovering around $5 earlier Friday morning. An OTC Markets spokeswoman told Reuters that CYNK's shares were not trading on its platform, but were occurring over the phone. Earlier this week Reuters reported that OTC's CEO did not expect CYNK to trade on its platform at all after reopening, as no brokerages would file the required paperwork for the stock to trade on their exchanges. An SEC spokesman said that the organization cannot comment on the status of a company after a suspension period ends, citing an online explanation of the process. That document notes that broker-dealers may not solicit investors to trade the previously suspended OTC stock until they satisfy several regulatory requirements. The SEC warned, however, that "unsolicited" trading may occur after a reopening -- as CYNK is now seeing -- but "even though such trading is allowed, it can be very risky for investors without current and reliable information about the company."
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