Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 26th of August.
The big news today is that Amgen (NASDAQ:AMGN) has agreed to buy Onyx Pharmaceuticals (NASDAQ:ONXX) for $10.4 billion. Amgen, the world's biggest biotechnology company, was missing from one of the biggest and fastest growing markets, cancer drugs. With the acquisition of Onyx Pharmaceuticals, Amgen will gain access to the company's three anticancer treatments. I will be analyzing Amgen today using our Trade Triangle technology and will share with you the trading results for the year so far. Continue reading "Today's Video Update: Amgen moves into the big business of cancer drugs"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 23rd of August.
The big news today of course is the announcement from Microsoft (NASDAQ:MSFT) CEO, Steve Ballmer, that he's going to retire within the next 12 months. The news was enough to send the stock of Microsoft up over 7%, which is good news for shareholders.
In my opinion, one of the major reasons why the stock of Microsoft (NASDAQ:MSFT) has been unable to get going over the last decade is its failure to execute on any of the new technologies. Whether its online, mobile, phones, tablets or Windows 8, all of these efforts proved to be disappointments to investors and the market in general. Continue reading "Today's Video Update: Steve Ballmer calls it quits"
This morning Steve Ballmer announced his retirement as CEO of Microsoft (NASDAQ:MSFT) within 12 months. Mr. Ballmer owns about 4% of Microsoft and has been with the company for the past 33 years, but for the past 10 years, has missed many of the latest moves in technology.
As always, we appreciate your thoughts and comments on our blog. Please let us know what you think of today's shift in the world of technology.
The INO.com Team