Medical equipment manufacturer Perkinelmer (NYSE: PKI) has pulled back in the past few months, following the rest of the market.However, there could be good news for investors of Perkinelmer as the stock hit two key support levels in the last week. We see on the daily chart that the stock dropped down to its 104-week moving average at its low last week, but then bounced sharply from there.

Sony Pictures Entertainment and AT&T have put casino game maker, GSN Games, on the bidding block a few months ago and awaiting the first round of results.On the other hand, AT&T sees this as an opportunity to sell off no-core assets to reduce its mountain of debt (close to $170 billion). Producing a range of branded gaming titles, the partners are optimistic that the bid will yield results in the $600-$700 million range. Currently, Sony owns 58% of the company while the remaining 42% is held by AT&T. The sale process underway could lead to Sony buying out AT&T’s stake, or it may also attract new investors to the unit.

Shares of Pacific Gas and Electric (PG&E), a US investor-owned utility company, slumped ~25% in Monday’s opening hour trade.This happened after CNBC reported that PG&E might face a minimum of $30 billion in liabilities excluding penalties, fines or punitive damages related to California wildfires in 2017 and 2018. Further, with the utility company contemplating filing for bankruptcy protection as it anticipates a massive Q4 charge, investors started to abandon the stock that could worsen the company’s prospects. PG&E is poised for its biggest fall since November 2014, when the stock was on the verge being downgraded to junk after it had announced the exhaustion of its revolving credit line. Although the bankruptcy news hasn’t been confirmed by the company, according to sources familiar to the matter, the company is seriously contemplating the sale of its gas assets to cover liability costs related to the wildfires. Further, with PG&E being a one of the biggest utili

Amazon is now the largest company by market value, overtaking Microsoft's hold on the title.READ MORE...

Technology giant Facebook is in for another tough year as marketers ramp up their scrutiny of the platform, according to Pivotal Research analyst Brian Wieser who has reaffirmed his "sell" rating on the company's stock.READ MORE...

PG&E Corp is reportedly mulling whether to file for bankruptcy as soon as February, according to  a Bloomberg report citing people familiar with the situation.The bankruptcy protection is apparently being sought to deal with its potential wildfire liabilities. In a statement late Friday, PG&E said it’s “working diligently to assess the company’s potential liabilities as a result of the wildfires and the options for addressing those liabilities.

Roku Inc. gains on people’s peaking streaming habit. The digital media player maker reported its preliminary fourth-quarter data, revealing a  +40% year-over-year surge in active accounts to top 27 million in the quarter.The number of streaming hours spent by viewers using Roku’s devices/services increased +68% year-over-year to 7.3 billion hours.  "Strong active account growth and accelerating streaming hours point to consumers' growing enthusiasm for streaming, making Roku America's largest and fastest growing TV streaming distribution platform," said Roku CEO Anthony Wood. Roku shares jumped +20.6% on Monday.  

Tesla has now officially broken ground at the Gigafactory 3 and CEO Elon Musk made a few interesting comments, including confirmation that Tesla will produce the upcoming new Model Y at the factory.READ MORE...

Micron shares have finally bottomed after a year of steep losses and should perform better than the broader stock market in 2019, according to BMO Capital Markets.READ MORE...

Jeffrey Smith, CEO of activist hedge fund Starboard Value, wants Dollar Tree Inc. to lift its $1 price ceiling on products. Smith wrote to Dollar Tree  CEO Gary Philbin Monday to reveal that his fund had invested in 1.7% stake in the discount retail company, while indicating that there should be more room to raise product prices at Dollar Tree stores.Smith feels that by rigidly restricting prices within $1, Dollar Tree could potentially be sacrificing product quality or size. "Dollar Tree has a great customer base, and we believe its loyalty stems from the fantastic value customers find at Dollar Tree, not merely because everything in the store is the same price," Smith added in the note. Starboard also wants Dollar Tree to consider selling Family Dollar, a chain of stores that it bought in 2015.

Jeffrey Smith, CEO of activist hedge fund Starboard Value, wants Dollar Tree to lift its $1 price ceiling on products. Smith wrote to Dollar Tree  CEO Gary Philbin Monday to reveal that his fund had invested a 1.7% stake in the bargain retail company, while indicating that there should be more room to raise product prices at Dollar Tree stores.Smith feels that by rigidly restricting prices within $1, Dollar Tree could potentially be sacrificing product quality or size. "Dollar Tree has a great customer base, and we believe its loyalty stems from the fantastic value customers find at Dollar Tree, not merely because everything in the store is the same price," Smith added in the note. Starboard also wants Dollar Tree to consider selling Family Dollar, a chain of stores that it bought in 2015.

The Stamford, Connecticut-based biotechnology company is developing cancer treatments that target a tumor’s genetic markers regardless of where in the body they’re located. Lilly is paying 68 percent above Loxo’s closing stock price Friday and above Loxo’s previous all-time high of $189.96, reached in July 2018.The news comes only a few days after Bristol-Myers Squibb Co. and Celgene Corp. announced a $74 billion cash-and-stock deal last week.

Plus, users will be able to transfer/view content like photos and videos from their iPhones and iPads on to the screens of Samsung smart TVs via Apple’s Airplay2. The partnership between the two rival smartphone makers was announced on Sunday, and reveals yet another potential move by Apple to bulk up its services business. Allowing iTunes on Samsung TVs potentially lets Apple widen its reach among consumers. Earlier instances of Apple tying up with competitors include Amazon's Echo devices starting to feature Apple Music, as announced in November.

For the second time in just four months, the $26 billion proposed merger between T-Mobile and Sprint has been put on hold after the Federal Communications Commission (FCC) suspended most of its operation owing to a funding lapse.  With the deal already getting the required approvals from CFIUS as well as cabinet agencies, FCC approval is the only major remaining hurdle for the successful closure of the deal. Review of the proposed merger deal between the third and the fourth-largest U.S. wireless carriers was picked up by the FCC on the 3rd week of June, but then the review process was put on hold on September 11 after the companies submitted new documents.

Even after reporting record sales in spring and summer, the company’s year-over-year sales declined 21% to $1.8 billion in the first quarter of fiscal 2019, while gross margin slipped roughly 3% to 11.8%.Thor lost 65% of its value in CY 2018, whereas its competitor Winnebago Industries (WGO) lost ~55%. Even still, the company enters the new calendar year with much hope to attract investors.

On January 3, Mr. Cooper Group Inc.,  announced the acquisition of certain non-core assets of IBM for $48 billion.Chief of these assets include the purchase of IBM’s Seterus mortgage servicing platform that was primarily designed to help a client manage a portfolio of distressed loans in times of financial crisis, especially during 2008.

The electric vehicle manufacturer Tesla has announced that some customers in left-hand drive European countries can now configure and buy its Model 3 car. The U.S. firm announced the change via its Twitter handle: READ MORE...

After a sell-off cut its value by a third, Netflix represents one of the most compelling investments available in the internet space, according to Goldman Sachs. READ MORE...

On a year-over-year basis, Chile Retail Sales real index dropped -0.8% - the sharpest decline in four years, according to data from the national statistics agency.A Bloomberg survey’s  median forecast for November sales in Chile was a +1.8% gain. November’s decline also marks a reversal from October’s +7.5% increase in Chilean retail sales.

Windstream Holdings Inc. announced recently that it sold its EarthLink consumer internet business to private equity firm Trive Capital for $330 million in cash.Regarding the company’s decision to sell its EarthLink consumer internet segment, Tony Thomas - president and CEO of Windstream - announced, "This transaction enables us to divest a non-core segment and focus exclusively on our two largest business units.