Sales & Marketing news

• A fund betting on robots and AI is crushing it — and it's targeting millennial investors (BOTZ)

  24-12-2017 19:36 via feedproxy.google.com
  When Jay Jacobs, director of research at Global X, and his team were looking to start new theme-based exchange-traded funds last year, a robotics and artificial intelligence ETF just made sense.
  "I think a lot of times the finance world gets lost in its own jargon of risk adjusted returns and Sharpe ratios and risk factors," Jacobs told Markets Insider. "The story behind robotics and AI is very straightforward to everybody."
  Jacobs is a chief mind behind the BOTZ, an exchange-tra
  
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• Elon Musk might have another $50 billion company on his hands (TSLA)

  24-12-2017 19:34 via feedproxy.google.com
  If you haven't watched one of SpaceX's live rocket launches, and subsequent landings, you are really missing out.
  Elon Musk, CEO of SpaceX and Tesla, started the company in 2002 with the eventual mission of colonizing Mars. It's a lofty goal, and one that's hard to totally comprehend. But, as SpaceX continues to defy expectations, land reusable rockets and complete mission after improbable mission, the value of the company continues to rise.
  Right now, SpaceX is a private company. Unlike M
  
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• 'The Last Jedi' will be the 3rd highest-grossing movie of the year by Christmas day (DIS)

  24-12-2017 17:49 via feedproxy.google.com
  "Star Wars: The Last Jedi" continues to dominate at the box office.
  It will be the third-best domestic box office earner of 2017 by Christmas day.
  "Jumanji: Welcome to the Jungle" has an impressive start to its theatrical run.Despite the movie not being as universally praised by the hardcore "Star Wars" fans as "The Force Awakens," Disney/Lucasfilm's "The Last Jedi" will easily win the Christmas holiday weekend at the box office.
  The movie took in an estimated $68.4 million by Sunday, and will
  
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• Here's what 12 Wall Street pros are predicting for the stock market in 2018

  24-12-2017 17:30 via feedproxy.google.com
  Almost no one is bearish. 
  This year is poised to be one of the most profitable for the S&P 500 in this bull market, now entering its ninth year, with a double-digit gain. And all the lead strategists at top Wall Street firms expect many of the same catalysts to lift stocks again in 2018, particularly earnings growth and US economic expansion. 
  Across the board, the GOP's Tax Cuts and Jobs Act is expected to boost the profits of America's largest companies, and possibly reward sha
  
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• We asked the founder of a tech advisory firm with over $1 million in revenue per employee how they sort the real unicorns from the pretenders

  24-12-2017 17:13 via feedproxy.google.com
  Union Square Advisors is a boutique investment bank focused on tech companies.
  Now in its 10th year, the firm keeps tabs on all the unicorns roaming the world and primarily works on transactions in the $1 billion neighborhood. 
  Founder and chairman Carter McClelland says sorting out the real unicorns from the pretenders requires investigating businesses up close and knowing every single board member and investor. 
  Union Square is private and doesn't disclose revenue, but it has had re
  
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• Big money investors haven't been this fired up about stocks since before the financial crisis

  24-12-2017 16:11 via feedproxy.google.com
  Active mutual fund managers are the most bullish on US stocks since 2006, when data was first collected.
  There are many factors simultaneously driving this sentiment, including earnings growth, optimism around tax reform, and a buy-the-dip investment mentality.Equity investors are closing out 2017 on an optimistic note.
  A recent survey from the National Association of Active Investment Managers (NAAIM) shows that active mutual fund managers are the most bullish on US stocks since it began colle
  
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• Bank of America joins the tax-plan after party with $145 million in bonuses to employees (BAC)

  24-12-2017 16:05 via feedproxy.google.com
  Bank of America is the latest to join the tax-plan bonus party, paying $1,000 bonuses to roughly 145,000 employees.
  That works out to a $145 million payout by the Charlotte-based bank, which makes about $93 billion in annual revenue.
   
  Bank of America Merrill Lynch is the latest company to offer employees a cash reward following the passage of the $1.5 trillion GOP tax plan. 
  The bank will give $1,000 bonuses to its roughly 145,000 employees who make less than $150,000 a year, accordi
  
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• The Feds say they just blew up a $1.2 billion Ponzi scheme aimed at thousands of elderly people in Florida

  24-12-2017 15:09 via feedproxy.google.com
  The US Securities and Exchange Commission has filed charges against Robert Shapiro, alleging he bilked investors — many of them senior citizens — out of $1.2 billion as part of a Ponzi scheme.
  The SEC says it has frozen all remaining assets as it pursues its case, which includes charges of fraud and violating broker-dealer registration provisions.The US Securities and Exchange Commission has filed charges against a group of unregistered investment funds and their owner, alleging a $
  
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• Big Tech succeeded in getting bigger in 2017 — but its failures to society became much more apparent (FB, GOOGL, AMZN, TWTR, AAPL)

  24-12-2017 15:00 via feedproxy.google.com
  Big Tech — Facebook, Google, Apple, and Amazon — were all financially successful in 2017, but they faced a huge populist backlash.
  The industry stumbled through fake news scandals, abuse of their services, and more.
  Even as the largest tech companies are becoming more powerful, cracks in their armor are starting to show.Financially, 2017 was a great year for Big Tech. But in just about every other way, it was a terrible year for the titans of tech.
  Even as the giant technology compa
  
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• MORGAN STANLEY: Amazon will destroy these 4 industries the fastest (AMZN)

  24-12-2017 12:32 via feedproxy.google.com
  You've probably heard the term "Amazoned" recently. It refers to Amazon's power to erase billions of dollars of competitor market cap by simply announcing that it's entering a new sector.
  It's an effect most clearly demonstrated by Amazon's recent acquisition of Whole Foods, which has sent shockwaves across competing grocery stores, brick-and-mortar retailers, and even pharmacies.
  To see how far this Amazon effect will go, analysts at Morgan Stanley surveyed their peers
  
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• GOLDMAN SACHS: There's a hidden way for investors to score big on tax reform

  24-12-2017 12:04 via feedproxy.google.com
  Goldman Sachs says to look at downtrodden small-cap stocks for stock-picking opportunities in the aftermath of GOP tax reform.
  When the dust around the tax bill settles, the firm says there will be plenty of chances for active managers to identify single stocks with upside potential.If the biggest firms on Wall Street can agree on one thing these days, it's that the GOP tax bill is going to boost equities in 2018.
  JPMorgan recently posted a year-end S&P 500 price target of 3,000 — tie
  
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