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Amazon Results Show New Spending Splurge Paying Off; Shares Jump

(Bloomberg) — Amazon.com Inc. is back in fashion with investors.Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft Corp., Google and Apple Inc. all rallied. That abruptly changed Thursday when Amazon reported results that crushed Wall Street estimates.Chief Executive Officer Jeff Bezos added to the enthusiasm by revealing the company has 150 million Prime subscribers who pay monthly or annual fees for shipping discounts and other perks, up from 100 million about two years ago. The stock surged 10% in extended trading.Bezos Adds $13.2 …read more […]

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IBM CEO Ginni Rometty resigns

IBM CEO Ginni Rometty announced Thursday that will resign from her role, and be replaced by the company’s current Senior Vice President for Cloud and Cognitive Software, Arvind Krishna. The Final Round panel discusses the latest. …read more […]

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IBM Names Arvind Krishna CEO, Replacing Ginni Rometty

(Bloomberg) — International Business Machines Corp. named Arvind Krishna as chief executive officer, replacing longtime CEO Virginia Rometty.Krishna is currently the head of IBM’s cloud and cognitive software unit and was a principal architect of the company’s purchase of Red Hat, which was completed last year. Rometty, 62, will continue as executive chairman and serve through the end of the year, when she will retire after almost 40 years with the company, IBM said in a statement Thursday. The shares rose about 5% in extended trading.Since becoming IBM’s first female CEO in 2012, Rometty had bet the company’s future on …read more […]

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WWE Plunges After Earnings Slump and Company Sacks Management

(Bloomberg) — World Wrestling Entertainment Inc. replaced two top executives after 2019 earnings came in at the low end of estimates, a shake-up that rattled investor confidence in the pro-wrestling giant.Shares of WWE plunged as much as 14% to $53.50 in extended trading after the company announced that it’s replacing Co-Presidents George Barrios and Michelle Wilson, effective immediately.Frank Riddick, a board member for more than 11 years, has been named interim chief financial officer, WWE said Thursday. He’ll report to Chairman and Chief Executive Officer Vince McMahon.“The board and I decided a change was necessary,” McMahon said. “We have different …read more […]

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Apple’s Success Reversing Patent Cases May Dim CalTech’s Win

(Bloomberg) — If any company knows how to get rid of a billion-dollar patent-infringement verdict, it’s Apple Inc.Apple pledged to appeal Wednesday’s $1.1 billion verdict won by California Institute of Technology, in which it was told to pay $838 million and its chip supplier Broadcom Inc. was hit with $270 million in royalties by a federal jury in Los Angeles. Apple is counting on its past history challenging such verdicts to mean good odds for the future.In the past decade, the iPhone maker has evaded a $533 million verdict over controlling digital content, a $506 million judgment over microprocessor technology …read more […]

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What the “Super Bowl Indicator” Means for Your Retirement

There are many times I wish I could have seen the future.
For instance, I would’ve liked to have known how my Tennessee Titans’ season would end…
(I’ve been a Titans season ticket holder since day one of the franchise in Nashville. Many of you who are sports fans know they lost recently to the Kansas City Chiefs in the AFC championship.)
If the Titans had gone to the Super Bowl and I’d won the season ticket holder lottery, I could’ve bought two tickets to the Super Bowl at $900 face value apiece. I already had a friend lined up to go… but …read more […]

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Aerojet Rocketdyne – a Speculative Small Cap Play Worth Buying

Lately, I’ve been getting suggestions from Trade of the Day subscribers who are asking for more small cap stock picks.
Sure, seeing all of the options winners we’ve had in The War Room is great, but there’s also room for stock plays here in Trade of the Day.
On Tuesday, I explained why Flutter Entertainment will be a small cap winner in the $150 billion sports betting sector.
But today, I’m going to offer you another play to keep on your radar (or perhaps you can even accumulate some shares at current levels).
The company is called Aerojet Rocketdyne (NYSE: AJRD).
It’s a defense company …read more […]