Brocade (BRCD) and Ruckus Wireless (RKUS) announced that Brocade has entered into a definitive agreement to acquire Ruckus Wireless, in a cash and stock transaction. The acquisition will complement Brocade’s enterprise networking portfolio, adding Ruckus’ higher-growth, wireless products to Brocade’s market-leading networking solutions. It will also significantly strengthen Brocade’s strategic presence in the broader service…
One of my favorite endeavors as an investment advisor is to speak with new and prospective clients about their market views, current holdings, and past histories. It provides me with an opportunity to learn from their successes and missteps, as well as provide insight into how they can lower their fees or make adjustments to…
In simple terms, money velocity is the number of times one dollar is spent to buy goods and services per unit of time. Therefore, if the money velocity is increasing, more transactions are occurring between individuals in an economy and vice versa. Considering the purpose it serves, money velocity is a good indicator of real…
Photo Credit: Mike Mozart Darden Restaurants, Inc. (DRI) Consumer Discretionary – Hotels, Restaurants & Leisure | Reports April 5, Before Market Opens Key Takeaways The Estimize community is looking for EPS of $1.18 and revenue of $1.83 billion, 2 cents lower than Wall Street on the bottom-line, and $9 million less on the top Darden’s affiliation with…
As it turns out, the bulls weren’t done buying stocks after all. The lull from a couple weeks ago was just that…a lull, which turned out to be temporary. Last week’s 1.8% gain for the S&P 500 (SPX) (SPY) rekindled the rally that began in early February. We’ve now logged gains in six of the past seven…
Back in the summer of 2014, when the ECB first unveiled NIRP, many were concerned that this submersion into the monetary policy twilight zone would first crush Europe’s money markets. However, at least until now, European MM funds have proven relatively resilient, The story in Japan is different. When the Bank of Japan announced they…
Last week when I was not doing my own market positioning or writing subscriber updates, I was bringing Biiwii back to life, so on Friday I skipped the entirety of the Payrolls hype and never got to ISM either. So here’s a post. From BLS, a breakdown by industry of the +215,000 Payrolls data. No change here from…
The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months declined suggesting “with GDP barely growing at a two percent rate, it’s difficult to see how employment can continue to expand by 200,000 or more jobs per month.” Consider that this projected growth is six months from now. Econintersect is forecasting…
The year 2016 started off with some of the most volatile trading in recent times. Slowdown in the Chinese economy coupled with sliding oil prices set off alarm bells every now and then at all the major domestic indexes, fueling concerns of a global economic slowdown. “March” to the Rescue However, things started improving in…
