Seth Wenig/AP A securities analyst who passed nonpublic information about Yahoo and Microsoft to a portfolio manager at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested in California, federal prosecutors said Tuesday. Sandeep Aggarwal, an analyst covering technology, is to be arraigned later Tuesday on charges of conspiracy to commit securities fraud and wire fraud at the U.S. District Court for the Northern District of California. Federal Bureau of Investigation agents arrested Aggarwal, 40, in San Jose, Calif., on Monday. Aggarwal, who worked in 2009 as a research analyst covering technology at the firm Collins Stewart in San Francisco, is to be arraigned Tuesday at the U.S. District Court for the Northern District of California. Lawyers for the 40-year-old defendant couldn't be reached for comment. Aggarwal, who also faces a civil suit by the U.S. Securities and Exchange Commission, is accused of tipping former SAC portfolio manager Richard Lee, as well as an employee at another hedge fund, about a planned partnership between the Internet company, Yahoo (YHOO), and the computer company, Microsoft (MSFT). The charges come less than a week after prosecutors in New York charged the $14 billion fund SAC Capital with securities fraud and wire fraud, claiming the hedge fund fostered a corrupt business culture in which portfolio managers were encouraged to use any means possible to find an "edge" in stock trading. The criminal charges, along with an administrative proceeding accusing Cohen, SAC's founder, of failing to properly supervise his employees, are the result of a multiyear investigation into insider trading at the firm. So far, 10 former SAC employees have been charged or implicated for insider trading. Lee, who worked as a portfolio manager at SAC between 2009 and 2013, pleaded guilty to charges related to insider trading and is cooperating with the government. The criminal complaint against Aggarwal said he spoke with a Microsoft employee on July 9, 2009, and learned of the potential partnership. A day later, according to the complaint, Aggarwal called Lee to discuss the partnership before it was announced. "Like many others before him, Sandeep Aggarwal allegedly broke the law and provided material nonpublic information on a Microsoft-Yahoo deal," said FBI Assistant Director-in-Charge George Venizelos. "When questioned by his employer about the source of the information, he lied."
Top 10 Consumer Stocks To Watch For 2015: Amazon.com Inc.(AMZN)
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on its Web sites, and their own branded Web sites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.
Advisors' Opinion:- [By Rick Munarriz]
Briefly in the news
VeriFone (NYSE: PAY ) shares tumbled 21% on Thursday, after the transactions enabler missed Wall Street's profit expectations and issued disappointing guidance. VeriFone wasn't very fun. TiVo (NASDAQ: TIVO ) can't catch a break. The DVR pioneer was on the receiving end of a $490 million settlement, but the stock still took a hit because it was less than the market was expecting. Go figure. TiVo's intellectual capital alone has been enough to be awarded $1.6 billion in damages in recent years, but the company's enterprise value is a mere $1 billion. Amazon.com (NASDAQ: AMZN ) is not the second coming of Webvan, but it is expanding its AmazonFresh grocery delivery service to Los Angeles. It's been testing the service fir years in select neighborhoods in its home turf of Seattle. JinkoSolar (NYSE: JKS ) moved higher on Friday after reporting a 36% surge in shipments. Solar energy was out of favor last year, but some players are starting to show signs of brightening.
And now let's take a quick look at some of the other stories that shaped our week. - [By WWW.DAILYFINANCE.COM]
Ross D. Franklin/AP SAN FRANCISCO -- Amazon.com (AMZN) is considering expanding its same-day delivery program globally, recent job listings show, underlining the importance of fast shipping to its ability to compete with the instant gratification offered by brick-and-mortar stores. The No. 1 U.S. online retailer is also looking to add a same-day delivery option on all items sold by third-party merchants on its site, a move that some logistics experts said may help offset the high costs of speedy, last-mile delivery. The company's global ambitions for same-day delivery were echoed in at least seven listings for senior product and marketing jobs based at the company's headquarters in Seattle, including three posted online this week.
Our long-term vision is that customers can order and receive a sellers' product the same day anywhere in the world.
Top 5 Internet Companies To Own For 2014: Alibaba Group Holding Ltd (BABA)
Alibaba Group Holding Limited, incorporated on June 28, 1999, is an online and mobile commerce company. The Company operates its ecosystem as a platform for third parties. The Company operates Taobao Marketplace, China�� online shopping destination, Tmall, China�� third-party platform for brands and retailers and Juhuasuan, China�� group buying marketplace. In addition to its three China retail marketplaces, the Company operates Alibaba.com, China�� global online wholesale marketplace, 1688.com, its China wholesale marketplace, and AliExpress, its global consumer marketplace, as well as provides cloud computing services. As a platform, the Company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with consumers and businesses. Effective August 01, 2014, Alibaba Investment Ltd, a unit of Alibaba Group Holding Ltd, acquired a 10.193% interest n Singapore Post Ltd.
The buyers and sellers discover, select and transact with each other on the Company�� platform. Third-party service providers add value to its platform through service offerings that make it easier for buyers and sellers to do business. The third-party participants in its ecosystem include a payment services provider, logistics providers, retail operational partners, marketing affiliates, independent software vendors and various professional service providers. The Company has developed policies and procedures that maintain the health and sustainability of its marketplaces, including consumer protection programs, marketplace rules, qualification standards for merchants and buyer and seller rating systems. As its ecosystem expands, new jobs are created.
Taobao Affiliate Network is powered by Alimama, its online marketing technology platform. Through this platform, sellers place marketing displays on its marketing affiliates��websites and mobile apps, and sellers pay a performance-b! ased marketing fee primarily based on cost-per-click (CPC), and cost-per-sale (CPS), models. Through China Smart Logistics, the Company provides real-time information to its logistics partners, including key operating metrics, such as distribution center utilization rates, route planning data and order volume forecasts. Independent software vendors (ISVs) provide software tools, as well as systems integration services to sellers.
Tmall is an online platform featuring brands and retailers with each seller having an identifiable online storefront. Users may access Tmall anytime, anywhere through the Tmall Website and the mobile apps and mobile-optimized websites provided by Taobao Marketplace and Tmall. The physical product categories on Tmall include apparel and accessories, electronics and appliances, home furnishings, home appliances, maternity and baby products. Juhuasuan is an online group buying marketplace in China. Juhuasuan offers quality products at discounted prices by aggregating demand from numerous consumers. Juhuasuan mainly does this through flash sales, which make products available at discounted prices for a limited period of time. Juhuasuan offers group buying channels featuring branded and private label products, products made to custom specifications and local services.
AliExpress is a consumer marketplace enables consumers from around the world to buy directly from wholesalers and manufacturers in China. On AliExpress, consumers have access to a variety of products. In addition to the global English-language site, AliExpress operates two local language sites in Russia and Brazil. The product categories on AliExpress.com include apparel and accessories, phones and communications products, beauty and health, computer networking, jewelry and watches. Alibaba.com is an online commerce platform. Sellers on Alibaba.com may pay for an annual Gold Supplier membership to host a premium storefront with product listings on the marketplace.
The Company��! marketin! g technology platform, Alimama, offers sellers on its marketplaces marketing services for both personal computer and mobile devices, which include P4P marketing service and display marketing. Alimama also offers its sellers these marketing services through third parties through the Taobao Affiliate Network. The Taobao Ad Network and Exchange (TANX) automates the buying and selling of billions of advertising impressions on a daily basis by third parties. The Company also offer a data management platform (DMP), connected to TANX. Its DMP allows participants on TANX to evaluate and select online advertising inventory using both behavioral data they provide, as well as data from browsing behavior and shopping history. Its Cloud Computing supports its commerce ecosystem by providing a distributed computing infrastructure to handle the large volume of traffic and data generated on its online marketplaces. Its cloud computing platform offers service offerings, including elastic computing, database services and storage and large scale computing services.
The company offer search functions on all of its Web pages, mobile apps and many of its marketing affiliates��websites and apps to make it easy for buyers to find products and services within its marketplaces. The Company offers Aliwangwang, a personal computer-based instant messenger that supports text, audio and video communication. The Company developed Aliwangwang to facilitate open communication between buyers and sellers on Taobao Marketplace and Tmall. Buyers and sellers use it as a tool for a range of tasks, including negotiation of prices, customer services and delivery notification, in addition to the basic messaging functions. It offer Qianniu , an integrated platform for communication and productivity tools which allows sellers on Taobao Marketplace and Tmall to manage their operations more efficiently.
Alipay, the Company�� related company, provides payment and escrow services for transactions on Taobao Marketplace, Tm! all, 1688! .com and certain of its other sites, as well as to third parties in China. The Company�� small and medium enterprise (SME) loan business provides micro loans to sellers on its wholesale and retail marketplaces through lending vehicles licensed by the local government.
The company competes with Tencent and Baidu.
Advisors' Opinion:- [By arfmiguel@linkedin]
According to Nasdaq.com, the Nasdaq Composite Index has increased by 1.6 percent in October. Tech stocks advanced following rumors of a possible Pay partnership between Alibaba (BABA) and Apple (AAPL), pushing the tech-heavy benchmark higher. Alibaba shares climbed 1.9 percent to $99.68 that day, while Apple rose to $106.74, USA Today revealed.
- [By WWW.DAILYFINANCE.COM]
Stocks delivered again in 2014. Even after a poor start in January and wobbles in October and December, the U.S. market climbed 11.4 percent and ended the year close to record levels. The solid gain pushed the bull run for stocks into its sixth year, the longest such streak since the 1990s. Investors have been encouraged by rising corporate earnings and a strengthening U.S. economy, which helped stocks overcome a brief winter chill in growth and tensions with Russia. The stock market also overcame worries about the impact of the end of the Federal Reserve's stimulus program. Those who stuck out the market's ups and downs were rewarded with double-digit returns for the fifth year out of the last six. "Companies delivered and the ability to produce on the bottom line remained resilient," said Jeff Kleintop, Charles Schwab's chief global investment strategist. "Ultimately, that's what stocks track." All the major stock averages are ending the year with respectable returns. The Standard & Poor's 500 index (^GPSC) has returned 13.7 percent including dividends, after a return of 32 percent in 2013. The stock market also experienced its biggest bout of volatility in more than two years. Stocks plunged as much as 9.8 percent in October on concerns about global growth and worries about the spread of the Ebola virus. The market also managed to climb despite a big drop in oil prices that hit energy companies. Geopolitical tensions flared as Russia seized Crimea, war broke out in eastern Ukraine and the Islamic State group seized swaths of territory in Iraq and Syria. These were some of the biggest themes in the financial markets in 2014: A Resilient Economy The backdrop for the stock market's gains was a gradually strengthening U.S. economy. Hiring and consumer confidence continued to improve. Despite a big contraction in the first quarter caused by an unusually harsh winter, the economy kept growing. The average pace of growth climbed to 2.7 percent by the end
- [By WWW.DAILYFINANCE.COM]
Mark Lennihan/APJack Ma is the founder of Alibaba. There has been no shortage of debutantes on Wall Street lately. Dozens of companies went public last quarter -- many of them names you know, or that you will know soon. These some of the more intriguing initial public offerings to come out of this past quarter. El Pollo Loco (LOCO) Fast casual has been the place to be for investing in the restaurant industry, and that helped pave the way for this California-based chain specializing in citrus-marinated chicken to go public in July at $15 a share. Investors won't be impressed by its slow yet calculated expansion. It had grown from 398 locations to just 401 in the year leading up to its IPO. However, El Pollo Loco's store-level performance has been impressive. It posted a 5.4 percent increase in comparable-restaurant sales in its first quarter as a public company. That is certainly better than the average fast-food or casual-dining chain out there, once again validating the fast-casual model, where chains offer the convenience of fast food but the quality of traditional casual-dining restaurants. Mobileye (MBLY) The push to develop self-driving cars is really getting traction, a fact that became even more apparent last week when Tesla (TSLA) showed off an updated sedan that uses a dozen sensors to do everything from adjusting speed in accordance with speed limit signs when it's on cruise control to switching lanes automatically when the sensors see an opening in traffic after the driver triggers the turn signal. But clever sensors notwithstanding, self-driving cars won't happen without serious software, and that's where Mobileye comes in. The Israeli company provides software and chips for camera-based advanced driver assistance systems. This will likely become a competitive market in the future, but for now Mobileye is seen as a leading pioneer in self-driving vehicles. Its share price has roughly doubled since it went public at $25 just two months ago. Re
Top 5 Internet Companies To Own For 2014: Propell Technologies Group Inc (PROP)
Propell Technologies Group, Inc., incorporated on February 04, 2008, offers enhanced oil recovery technology and services. These services are offered through its wholly owned subsidiary Novas Energy USA, Inc., through commercial application of a Plasma-Pulse Technology.
The Company�� technology is designed to be suitable for oil wells as deep as 12,000 feet. Novas�� Plasma-Pulse Treatment is an Enhanced Oil Recovery (EOR) technology and process. The treatment uses no chemicals.
Advisors' Opinion:- [By John Udovich]
Although oil prices are at multi year lows, now�might be the time to start taking a closer look at�small cap gas compression or enhanced oil recovery (EOR) stocks like TETRA Technologies, Inc (NYSE: TTI), Exterran Holdings, Inc (NYSE: EXH) and Propell Technologies Group Inc (OTCBB: PROP)�as oil and natural gas prices will�inevitably rise once again. To start with, natural gas compression services are�needed to transport natural gas from low-pressure wells into gathering systems, storage and processing facilities�as well as to maintain production as reservoir pressure declines. In addition, compression services�are used to extract gas from�unconventional natural gas sources like shale plays. As for so-called enhanced oil recovery or EOR, its�a generic term for the techniques used for increasing the amount of crude oil that can be extracted from an oil field with these potential methods including steam flood and water flood injection�or hydraulic fracturing�(so-called fracking). Naturally,�demand for compression services and EOR technologies are impacted by (the temporary)�low oil and gas commodity prices and so are the share prices for publicly traded stocks in the space.
- [By James E. Brumley]
Truth be told, oil giant Halliburton Company (NYSE:HAL) and major oil player Denbury Resources Inc. (NYSE:DNR) aren't likely worried about little ol' Propell Technologies Group Inc. (OTCBB:PROP)... at least not yet. Their lack of concern may end up being a big mistake, though. Propell Technologies Group has developed a new piece of oil well technology that can rejuvenate a struggling oil flow that might just make names like Denbury Resources and Halliburton green with envy.
- [By James E. Brumley]
While the ongoing implosion of crude oil prices has put high-profile names like Chesapeake Energy Corporation (NYSE:CHK) and Linn Energy LLC (NASDAQ:LINE) in the limelight - and the hot seat - all the noise surrounding those and other names may have distracted investors from looking at the oil rout in an opportunistic light rather than through the panic-colored glasses that have proven so damaging to the likes of LINE and CHK. Rather than fret over how difficult life was going to be for Linn Energy, Chesapeake Energy, and all their peers now that the price of oil was at or below the cost of drilling for it, investors should have been looking at companies that make drilling for oil cheaper and more cost-effective. Enter Propell Technologies Group Inc. (OTCBB:PROP).
- [By John Udovich]
Mid cap oil services stocks Dresser-Rand Group Inc (NYSE: DRC) and�Flowserve Corp (NYSE: FLS) and small cap Propell Technologies Group Inc (OTCBB: PROP) are all direct or indirect players in the enhanced oil recovery (EOR) sector among other niches. Of course, it might seem strange to be talking about oil services or enhanced oil recovery stocks when the bottom has fallen out from under the price of oil but consider the following two charts from WTRG Economics�and Gasbuddy.com:
Top 5 Internet Companies To Own For 2014: Yahoo! Inc.(YHOO)
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. The company?s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which provide a range of communication and social services to users and small businesses enabling users to organize into groups and share knowledge, common interests, and photos. Its search products comprise Yahoo! Search and Yahoo! Local, available free to users to navigate the Internet and discover content. The company?s marketplaces offerings and services include Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business, which allow users to research specific topics, products, services, or areas of interest by review ing and exchanging information, obtaining contact details, or considering offers from providers of goods, services, or parties with similar interests. Its media offerings comprise Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Yahoo! Contributor Network, and Yahoo! Pulse, which are designed to engage users with online content and services on the Web. The company also offers marketing services, such as display and search advertising, listing-based services, and commerce-based transactions to advertisers. In addition, it provides software and platform offerings for third-party developers, advertisers, and publishers, such as Yahoo! Developer Network, Yahoo! Open Strategy, Yahoo! Application Platform, Yahoo! Updates, Yahoo! Query Language, and Yahoo! Search BOSS. The company has strategic alliances with Nokia and ABC News, Inc. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, Californi a.
Advisors' Opinion:- [By Daniel Sparks]
Apple (NASDAQ: AAPL ) continues to bump heads with big tech companies, duking it out with Google (NASDAQ: GOOG ) and even scrambling a bit with Facebook (NASDAQ: FB ) . But one company seems to get along with Apple very well: Yahoo! (NASDAQ: YHOO ) . In the video below, Fool contributor Daniel Sparks explains this dynamic and the latest move by Apple to get a bit cozier with Yahoo!.
- [By Tim Beyers]
Yahoo! (NASDAQ: YHOO ) stock has been rallying ever since rumors of a closer relationship with Apple (NASDAQ: AAPL ) first surfaced last Tuesday in a report by The Wall Street Journal.
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