Shares of Orexigen Therapeuetics (OREX) are up about 40% after the company reported that its weight-loss Drug Contrave did not only achieve excellent safety results but also saw improvements in other significant areas. When patients took Contrave they were observed to reduce their risk of a heart attack, reduce the risk of a stroke and/or reduce the risk of dying from heart disease. Contrave won approval from the FDA back in September of 2014 but still had to be tested in a trial to determine the safety of the drug compound. The safety study performed by Orexigen Therapeutics is known as the “Light Study,” which is running und...
As Apple (AAPL) starts selling its new smart watch there are some, well, crazy-sounding predictions circulating about the amounts of gold the company might soon be buying. The math goes like this: Each gold version of the watch will contain around two ounces, and the company might sell 10 million of them a year, mainly to rich, tech-savvy Asians. That would be 20 million ounces a year, at 29,000 ounces per ton, which comes to around 700 tons. Since the world’s gold mines produce maybe 2,500 tons per year, Apple would, with the introduction of this one product, buy more than fourth of global production and would jump to number three on the...
Over the years, studies have consistently shown that investing in both domestic equities and foreign stocks reduces portfolio risk while enhancing returns. In addition, the primacy of the US equity markets has greatly diminished with its share of global stock market capitalization declining steadily. This is why investors can no longer limit themselves to domestic investments. By holding widely diversified portfolios, selected after careful research, global mutual funds offer a secure and attractive opportunity for investors. Below we will share with you 5 top rated global mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we ex...
Go Nuts for John B. Sanfilippo & Son This week’s hot stock had an outstanding 2014 and was up 53% over the course of the year, but is undervalued even at its new, higher price. As a main producer of one of the most popular snack and health foods in the country, this company has plenty of room to grow. Producing a common snack food that can be consumed alone and as the base of countless other products creates ample opportunity for profit growth. This week’s hot stock is nut producer John B. Sanfilippo & Son (JBSS). Photo credit: Jeremy Weate (Flickr) John B. Sanfilippo has grown after tax profit (NOPAT) by 21% compounded annually s...
After the closing bell today key GoPro (GPRO) partner Ambarella (AMBA) will report its fourth quarter earnings. At the start of 2013 little known Ambarella was trading at a modest $8 per share. Today the stock is trading at over $60. In GoPro’s S-1 filing leading up its IPO the company cautioned that there was one component maker it relied upon and had no substitute for. That vital supplier is Ambarella. Ambarella produces the high-tech video recording and processing chips which make the magic of GoPro possible. When a company with a $5.2 billion market cap admits that it has no alternative to using your products, you’re sitting prett...
Lenovo is about to kill off a small but troublesome source of its revenue: crapware. Some call it adware, some bloatware, others malware, but whatever the correct nomenclature, the PC maker doesn’t want anything more to do with it after the debacle over Superfish, the “visual advertising” tech that posed a real security threat to millions of Lenovo PC users. It can certainly afford to get rid of it too. When Lenovo closed the Superfish deal in summer of last year to pre-install the encryption-bypassing tool in consumer laptops, a decision it now admits was a mistake, it probably had no idea how such a seemingly insignificant agreement w...
Emerging markets in Asia and Africa still reign supreme: They’re at the top of global growth projections over the next two years. The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015. By comparison, the U.S. and U.K., which combined account for about a quarter of global growth, are expected to grow 3.1 percent and 2.6 percent this yea...
The fundraising practice works for potato salad, but what about property? When it comes to real estate investing, the web has had a profound effect on the industry. However, although some see surfing the Internet as a means of locating and researching potential investment properties, the web has also unleashed the power of crowdfunding, allowing ordinary people to invest in large properties that were once the domain of multi-millionaires, large companies and big corporations. What is real estate crowdfunding? Crowdfunding is a relatively recent phenomenon. Although it is based on the old principle of collecting money from lots of small invest...
(Reuters) – Japan Display Inc (6740.T) is considering building a plant to supply smartphone screens for Apple Inc (AAPL.O) and is negotiating with the U.S. company for investment in the project, a person familiar with the situation said on Friday. The Japanese screen maker aims to be the primary supplier of high-tech screens for Apple’s wildly popular iPhones, the person told Reuters. Global iPhone sales, notably in China, have surged to make Apple the most profitable company in history. Japan Display wants Apple to shoulder much of the expected 200 billion yen ($1.7 billion) investment in the plant, which aims to be in operation ...
My mother lives in an eight-unit condo south of Milwaukee. There are four upper units and four street-level units. She is the president of the condo association. She told me that the owners of the four street-level units received new patio doors three to four months ago, paid for by checks written from the condo reserves. The secretary/treasurer of the condo board signed the checks without my mother’s knowledge. But all checks written from the account are supposed to have the signatures of both the treasurer and president. The doors should not have been paid for out of the reserve fund. The treasurer was not one who received a new door. App...