http://brightbridgewealthmanagement-advice.com/2011/05/brightbridge-wealth-management-headlines-market-preview-all-eyes-on-linkedins-encore/
NEW YORK (TheStreet) — The market shrugged off a ton of shaky economic data on Thursday as LinkedIn(LNKD)-inspired euphoria seemed to serve as a cure-all.
The problem is the business-oriented social networking company’s impressive debut is an impossible act to follow, and there could be a hangover for the broad market to deal with after the stock closed up more than 100%. At one point, the shares ran as high as $122.70, a gain of 170% from LinkedIn’s pricing at $45 per share.
The Dow Jones Industrial Average is now up about 10 points for the week so Friday’s direction is likely to determine whether the blue-chip index falls for a third straight week for the first time in 2011 or breaks the streak.
Retail investors have continued to trend toward bearishness, according to the latest American Association of Individual Investors survey, which found 41.3% of respondents fell in the bear camp for the week ended on Wednesday. That’s up 5.8% from the week before, and well beyond the long-term average of 30%.
Those identifying themselves as bullish in the survey, which draws from the organization’s 150,000 members and asks how they feel about the stock market for the next six months, came in at just 26.7%, down 4.1% from last week and far below the long-term average of 39%. The remainder of those polled identified themselves as neutral.
Thursday’s after-hours session was a busy one with disappointing results from both Gap(GPS) and Aeropostale(ARO) set against positive reports from Salesforce.com(CRM) and Foot Locker(FL).
Quarterly reports of note due on Friday are few and far between. AnnTaylor Stores(ANN) is always good for some insight into how the affluent consumer is doing, and the company has topped Wall Street’s expectations in three of the past four quarters.
The consensus for the April-ended period calls for a profit of 48 cents a share on revenue of $512.1 million, and there’s bullish lean ahead of the numbers with 12 of the 19 analysts covering the shares at either strong buy (12) or buy (12). The stock closed Thursday at $30.20, up 12.5% so far in 2011 and 50% over the past 52 weeks, so the snapback if there’s a shortfall could be harsh.
Freitag, 17. Juni 2011
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Brightbridge Wealth Management Headlines:Hillary Clinton says FBI will probe Gmail hacker attack
http://brightbridgewealthmanagement-advice.com/2011/06/brightbridge-wealth-management-headlineshillary-clinton-says-fbi-will-probe-gmail-hacker-attack/
Google Inc. disclosed the attack on its Gmail email service Wednesday, saying it appeared to have originated in China and affected hundreds of people.
“We are obviously very concerned about Google’s announcement,” Clinton said Thursday at a news conference. “These allegations are very serious.”
She said the FBI would conduct an investigation into the breaches.
White House press secretary Jay Carney said that President Obama had been made aware of the attacks. But Carney added that there was no reason to believe that any official U.S. government email accounts had been accessed by the hackers.
Carney said that government officials are permitted to have personal email accounts, but not allowed to use them in any official capacities.
“All of our work is conducted on work email accounts,” Carney said at a news briefing. “That’s part of the Presidential Records Act.”
Google has not publicly disclosed the names of the people whose email accounts may have been exposed during the attack. The company said that they had notified them of the breech.
A Department of Defense spokeswoman said the agency was not sure if any of the victims of the cyber attack were DOD employees.
“As the breach involved Gmail,” said Lt. Col. April Cunningham, “since those are not official DOD email accounts, we are unaware if the targeted individuals are Defense employees.”
Also on Thursday, the Chinese government — which has long been at odds with Google over censorship and other issues — said it had nothing to do with the attack.
“Allegations that the Chinese government supports hacking activities are completely unfounded and made with ulterior motives,” said Hong Lei, a spokesman for the Chinese Foreign Ministry, according to news reports in China.
Hong said the Chinese government was firmly opposed to activities that sabotage Internet and computer security, including hacking.
Google was the victim of a major cyber attack in 2009 that the company said originated in China. The more recent attack was not only far smaller in scope, security experts said, but also less sophisticated.
A Chinese flag flies in front of Google's office in Beijing. The Chinese government, which has been at odds with Google over censorship and other issues, says it had nothing to do with an attack on the company's Gmail service. (Keith Bedford, Bloomberg / June 3, 2011)
Secretary of State Hillary Rodham Clinton said the U.S. government was investigating a hacker attack on personal Google email accounts used by senior government officials, as well as members of the military, political activists and journalists.Google Inc. disclosed the attack on its Gmail email service Wednesday, saying it appeared to have originated in China and affected hundreds of people.
“We are obviously very concerned about Google’s announcement,” Clinton said Thursday at a news conference. “These allegations are very serious.”
She said the FBI would conduct an investigation into the breaches.
White House press secretary Jay Carney said that President Obama had been made aware of the attacks. But Carney added that there was no reason to believe that any official U.S. government email accounts had been accessed by the hackers.
Carney said that government officials are permitted to have personal email accounts, but not allowed to use them in any official capacities.
“All of our work is conducted on work email accounts,” Carney said at a news briefing. “That’s part of the Presidential Records Act.”
Google has not publicly disclosed the names of the people whose email accounts may have been exposed during the attack. The company said that they had notified them of the breech.
A Department of Defense spokeswoman said the agency was not sure if any of the victims of the cyber attack were DOD employees.
“As the breach involved Gmail,” said Lt. Col. April Cunningham, “since those are not official DOD email accounts, we are unaware if the targeted individuals are Defense employees.”
Also on Thursday, the Chinese government — which has long been at odds with Google over censorship and other issues — said it had nothing to do with the attack.
“Allegations that the Chinese government supports hacking activities are completely unfounded and made with ulterior motives,” said Hong Lei, a spokesman for the Chinese Foreign Ministry, according to news reports in China.
Hong said the Chinese government was firmly opposed to activities that sabotage Internet and computer security, including hacking.
Google was the victim of a major cyber attack in 2009 that the company said originated in China. The more recent attack was not only far smaller in scope, security experts said, but also less sophisticated.
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