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The Zacks Stocks in the News Blog Highlights: Salesforce, Google, Netflix, Airbnb
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For Immediate Release
Chicago, IL—October 7, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Cloud computing giant Salesforce.com (CRM - Free Report) has had a busy week. On Tuesday, the company acquired marketing data and AI company Krux Digital for $700 million, continuing its aggressive M&A activity. Salesforce’s stock, however, has seen better times; CRM fell, at one point, over 7% on Wednesday after reports tying it more closely to a sale bid for Twitter Inc. surfaced, suggesting investors do not seem to like the idea.
Along with its new Pixel smartphone and Amazon (AMZN - Free Report) Echo home-automation competitor Google Home, Google (GOOGL - Free Report) debuted three other new devices at its recent hardware-announcing event: a headset for its Daydream VR platform, called the Daydream View; Chromecast Ultra; and Google Wifi, the company’s first router.
Video streaming giant Netflix (NFLX - Free Report) struck a deal this week with luxury theater chain iPic Entertainment to bring its original films to the big screen. The deal is set to include 10 of Netflix’s upcoming original movies, including Mascots, a comedy directed by Christopher Guest, and the drama The Siege of Jadotville, which will be simultaneously released this Friday, October 7. Netflix’s films will screen in Los Angeles and New York City.
On Wednesday, we-commerce rental site Airbnb has activated its Disaster Response tool in Florida and South Carolina in order to help evacuees affected by Hurricane Matthew, a powerful Category 4 storm with winds as high as 165 mph. The tool’s main use will be to help displaces residents connect with Airbnb host who can offer accomodations, at no cost. The service will be available through Tuesday, October 11.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: Salesforce, Google, Netflix, Airbnb
For Immediate Release
Chicago, IL—October 7, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Salesforce Buys Artificial Intelligence Company Krux Digital& Why is Salesforce (CRM - Free Report) Stock Tanking Today?
Cloud computing giant Salesforce.com (CRM - Free Report) has had a busy week. On Tuesday, the company acquired marketing data and AI company Krux Digital for $700 million, continuing its aggressive M&A activity. Salesforce’s stock, however, has seen better times; CRM fell, at one point, over 7% on Wednesday after reports tying it more closely to a sale bid for Twitter Inc. surfaced, suggesting investors do not seem to like the idea.
Don’t Forget About These Other 3 New Google Devices
Along with its new Pixel smartphone and Amazon (AMZN - Free Report) Echo home-automation competitor Google Home, Google (GOOGL - Free Report) debuted three other new devices at its recent hardware-announcing event: a headset for its Daydream VR platform, called the Daydream View; Chromecast Ultra; and Google Wifi, the company’s first router.
Netflix Strikes Deal to Bring Its Movies into Theaters
Video streaming giant Netflix (NFLX - Free Report) struck a deal this week with luxury theater chain iPic Entertainment to bring its original films to the big screen. The deal is set to include 10 of Netflix’s upcoming original movies, including Mascots, a comedy directed by Christopher Guest, and the drama The Siege of Jadotville, which will be simultaneously released this Friday, October 7. Netflix’s films will screen in Los Angeles and New York City.
Ahead of Hurricane Matthew, Airbnb Activates Disaster Response Tool
On Wednesday, we-commerce rental site Airbnb has activated its Disaster Response tool in Florida and South Carolina in order to help evacuees affected by Hurricane Matthew, a powerful Category 4 storm with winds as high as 165 mph. The tool’s main use will be to help displaces residents connect with Airbnb host who can offer accomodations, at no cost. The service will be available through Tuesday, October 11.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.