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NetEase Inc (ADR) (NASDAQ: NTES) shares gained 2.19 percent to reach a new 52-week high of $162.70. NetEase shares have jumped 51.31 percent over the past 52 weeks, while the S&P 500 index has gained 0.86 percent in the same period.
KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) shares jumped 101.25 percent to reach a new 52-week high of $20.93. KaloBios Pharmaceuticals shares jumped 402.42 percent on Thursday.
Extreme Networks, Inc (NASDAQ: EXTR) shares rose 1.25 percent to touch a new 52-week high of $4.05. Extreme Networks shares have surged 8.70 percent over the past 52 weeks, while the S&P 500 index has gained 0.86 percent in the same period.
VATICAN CITY (CBSNewYork) — Cardinal Timothy Dolan of New York spoke Wednesday evening with members of the media following the historic election of the Catholic Church’s new leader. And as usual, the head of the New York Archdiocese quickly got everyone’s attention.
“We’ll sleep well tonight, knowing that the church is in good hands,” the Archbishop of New York added.
Dolan also joked when asked if he was relieved that he wasn’t voted pope, saying he never took the rumors seriously.
“I’d like to say this, especially to the New York press: ‘I told ya so!'” Dolan said.
Much has already been discussed about the new pope being a humble man who denied himself some of the luxuries provided to previous cardinals in his country’s capital, Buenos Aires, but his actions Wednesday further hammered home the point.
Bergoglio was known to ride the bus to work in Argentina, and did so going to and from the hotel where the cardinals participating in the conclave stayed this week.
Dolan told reporters the surprising story of how the newly elected pope decided to take the bus back to the hotel Wednesday with the rest of the cardinals instead of riding in the Holy Father’s car.
There are many asset classes one can invest in. One should not be apologetic about making money, Ndirangu Ngunjiri writes.
Investment is an art that every individual must learn as he starts his work life and earns his livelihood. When you are fresh out of college and into your first job, you have relatively less responsibilities, sufficiently good surplus money and ample avenues to spend. There would not be anybody questioning you on how much you spend or how much you save.
The first lesson one must indoctrinate when you start your work life is that instead of saving what is left after spending, one should inculcate a habit of spending what is left after saving. Money saved is money earned!
As a senior, I would like to advise you to first invest in yourself; there is no better investment than education which will fetch you a better job and a rewarding career. Read as much as you can, even if it is not related to the stream you are working in or operating in.
There are many asset classes one can invest in. One should not be apologetic about making money; the choice of investment vehicle should be such that it creates wealth over longer term, even if the returns are volatile. The fixed income returns are almost equivalent to the inflation of the economy, hence not a source for creating wealth over long term.
Real estate requires large sum of money to be invested at one go, hence not advisable for a relatively fresh college graduate. Being an illiquid market, it becomes difficult to dispose off real estate investment, if one needs money urgently.
Have a reserve cash of 3-6 months in the bank. This would take care of any emergency like medical crisis, travel (inland or abroad), temporary loss of job or any domestic tragedy. Equity Investments are to be committed for long term.
Being volatile in nature, understanding the equity markets is difficult. Look for an expert’s advice when you initiate equity investments.
If you plan to invest on your own, you should thoroughly study the company whose shares you are planning to buy. Understand the business model, company’s strengths and weaknesses and whether the company has pricing power.
Study the industry in which the company is operating along with the competitors. Since you are partnering with the management of the company, you should do a thorough check about the management of the firm.
One can never time markets. So as to maximise your returns, you should invest regularly say once a month instead of investing a lump sum at one go.
This process enables you to accumulate a specific share or the units at different price points, for example you end up buying more in falling market and less in rising market for a specified fund every month thus averaging out the cost of acquisition.
An intelligent investment entails focus on the investment theme cutting away from the noise going around. The ability to manage the two vices viz. the greed and fear and following a disciplined investment regime determines the success for the investment. Avoid impulse buying or selling. Let the investment be process driven instead of it being emotion driven.
A smart investor charts his own course, avoids following others. Instead of following the trends, anticipates them in advance. Following the crowd never yield good results, they are traps created to beguile innocent investors.
Two more emotions to be handled deftly are boredom and envy. An average investor is more concerned about what his fellow investor makes than what he makes. He tends to keep a track of what is moving and ends up joining the herd only to get caught at the wrong end. This is an outcome of envy. Instead, he should have conviction in his own portfolio. Concentrate on the positives of his portfolio, monitor and make amend whenever necessary.
Take calculated risk and get rewarded for the same. Do not fear losing money, every rich person has lost money at some point, but many poor people have never lost a dime. Playing not to lose money means you will never make money.
It goes by saying- Do not put all your eggs in one basket. Divide your investible surplus in different stocks of unrelated sectors. Volatility is the nature of equity markets. If one sector under performs, other may outperform, thus balancing the overall returns. Balance greed and fear: Two emotions viz. greed and fear dictate the market movements. The investors react to any event on the basis of these two emotions. An investor should analyse if the event (which has caused price volatility) has any material impact on the investment rationale of the stock and accordingly respond. A smart investor becomes greedy when the market participants around are fearful, while becomes fearful when the market goes bonkers!! It has been proved time and again that the investment made at the time when the market is under distress has borne spectacular results over long term.
The writer works at Business Daily.
You know how in the opening credits of Dad’s Army there are those three swirling arrows moving ominously towards Britain? For some reason it brings to mind Barcelona’s devilish trident of Leo Messi, Luis Suárez and Neymar – with Messi as the smaller arrow jutting in sharply from the right to puncture these isles in the guts. He’s done it enough times to Premier League sides, after all.
Yet this current Barcelona attacking force is something else. Last season Messi, Suárez and Neymar scored 122 goals between them. This season they have raced to 91 already. Few expect Arsenal to neutralise them. Indeed, if you stuck £100 on Barcelona to score at the Emirates on Tuesday night, you would win only £11 off the bookies if they succeeded.
Understandably many eyes will be on Messi because, well, he’s Messi. Suárez will get plenty of attention too, given he has scored 41 goals this season. Yet it would be a gross mistake to ignore the third member of the triumvirate, Neymar, who has lifted his game on to an even higher plane this season.
True, we are several years past the stage where the Brazilian was regarded, somewhat suspiciously, as a YouTube sensation: part anime-footballer, part agent provocateur; flash haircut, flasher skills. When he first joined Barcelona some wondered whether he was merely Robinho Redux, a fancy dan whose trickery would be deciphered and crushed. Making fools of Brazilian journeyman while playing for Santos was one thing. Doing it consistently in Europe another. Yet still he improves.
This season Neymar has scored 18 goals in 22 La Liga games, putting him behind only Suárez, Cristiano Ronaldo and Karim Benzema. Incidentally Messi, who has 15 from 20 games, is sixth in the standings. Neymar also has nine assists – second in La Liga behind Suárez, and ahead of Messi, on seven.
But even these impressive figures don’t do the Brazilian justice. Most of us are aware of expected goals, a measure that rates the quality of each shot a player or team takes. So a chance from six yards out, say, will have a higher probability of going in than one from 20. But data analysts are increasingly using “expected assists” as well, which quantify a player’s ability to create high-quality opportunities. On this measure Neymar is a chance-creating machine.
On the surface, Neymar’s assists per 90 minutes of 0.43 is good but not exceptional. His 3.6 chances created per 90 minutes, while seventh across La Liga, the Premier League, the Bundesliga and Serie A, is still someway behind Mesut Özil, who leads on 4.6 with Ángel Di María second on 4.0.
But when you look at chance quality, a different pattern emerges. According to a model developed by Omar Chaudhuri, the head of football intelligence at the sports analysis consultancy, 21st Club, Neymar has 0.55 expected assists per 90 minutes – joint-top with Borussia Dortmund’s Henrikh Mkhitaryan across the four major European leagues, with Özil on 0.53. In other words, Neymar would have had even more assists had his team-mates been more clinical.
We can dive further into this data. When you combine Neymar’s non‑penalty expected goals and expected assists this season, he is second in Europe on 1.22 per 90 – behind only the Bayern Munich striker Robert Lewandowski on 1.36. Messi, incidentally, is on 1.13 and Suárez 1.09.
Some will sneer at such models. To them, numbers on the pitch – not on spreadsheets – are the only ones that matter. But regular Barcelona watchers will confirm that Suárez, brilliant though he is, does miss easy chances: against Las Palmas on Saturday, for instance, he missed two absolute sitters.
There is a second point worth making. During the autumn, when Messi was injured for 10 matches, Neymar quickly become the team’s vibrant heartbeat.
Barcelona rattled in 27 goals during that period. Neymar got 11 of them – and assisted in another seven. He also had 4.41 shots per game compared to his average of 2.91 over this season – and 11 more touches on average per match too. No wonder Barcelona’s manager, Luis Enrique, called him electric.
That may sound over the top. But Cristiano Ronaldo turned 31 earlier this month, while Messi is 29 in June. Neymar, meanwhile, is 24. A changing of the guard may not happen this season or next. But it is coming. And Neymar is the best player in the world in waiting.
This article was amended on 22 February 2016 to correct the total of goals scored by Messi, Suárez and Neymar last season from 145 to 122.
As it reported better than expected earnings this week, American Airlines told investors it would likely raise fares to offset higher fuel costs.
American CEO Doug Parker said jet fuel costs rose more than 20 percent last year, to $5 billion.
"Fares are too low for oil prices this high," Parker told airline industry analysts. "Over time, you'll see adjustments. It takes time."
Consumers with long memories may recall that American and most other airlines instituted fees for checked bags and other once complimentary perks after 2008 to compensate for rising fuel costs. However, they didn't drop the fees once fuel prices began to go down in 2015.
If the trend is gradually rising airfares in 2018, consumers will have to work harder to find bargain fares. CheapOAir.com, a budget airfare marketplace, says retirees may be best equipped to handle the new air travel economy because they usually have more flexibility in their plans.
Avoiding a destination's busiest season is the best way to find a bargain. By doing some research in advance, you can potentially save a lot of money by knowing when the airlines, hotels, and rental car companies are most in need of business.
In 2017, the company says international destinations most popular with seniors and retirees saw the biggest differential in airfare between the slowest and busiest times.
Consumers who traveled from the U.S. to China in September instead of June saved an average of 37 percent on airfare. Those who traveled to Spain last February instead of last June shaved 36% off their fares.
Going to Australia in August, when winter is ending in the Southern Hemisphere, saved 29 percent over those who traveled in December, when summer was just beginning down under.
Signing up for a good travel credit card is another way to make airfare more affordable by taking advantage of the different types of perks they might offer. The co-branded CheapOair credit card by Synchrony Financial offers customers access to an enhanced loyalty program and includes a special financing offer to help manage the cost of travel.
The Capital One Venture Card provides a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months from the account's opening. That's equal to $500 in travel.
The Chase Ink Business Preferred Card carries 80,000 bonus points if you spend $5,000 on purchases during the first three months of account activity. That's worth $1,000 toward travel when you redeem through Chase Ultimate Rewards.
CheapOAir advises consumers to carefully research fares before booking. The company says airlines now charge extra for everything from checked luggage to seat selection. In most cases, you'll find those charges in the fine print, not in the base fare.
Jim Broadbent, who stars in The Iron Lady, says there are far more worthy recipients of honours than actors.
Just days after Helena Bonham Carter, a friend of David Cameron and Nick Clegg, was handed an OBE in the New Year Honours, Jim Broadbent has stepped forward to condemn such gongs for actors.
Speaking at the premiere of the biopic of Margaret Thatcher at the British Film Institute in London, he argues that the prizes should be given to those who support other people.
Bonham Carter, who was educated at Westminster School with Clegg, saw in 2011 with the Prime Minister and his wife, Samantha, at Chequers.
Better Buy: Palo Alto Networks Inc. vs. FireEye Inc.
Which cybersecurity stock is a better fit for your portfolio?
Demand for cybersecurity services is rising due to a surge in data breaches worldwide. The Identify Theft Resource Center reports that the number of personal records exposed in data breaches nearly doubled to 169 million last year, while research firm Markets and Markets estimates that the global cybersecurity market will grow from $106.3 billion in 2015 to $170.2 billion by 2020.
But despite that growth potential, many cybersecurity stocks withered over the past year due to concerns about profitability, valuations, and competition from larger tech firms. Two such stocks are Palo Alto Networks (NYSE: PANW) and FireEye (NASDAQ: FEYE), which have fallen 14% and 18% respectively in 2016. Palo Alto provides a firewall, while FireEye offers threat prevention solutions to intercept attacks before they hit. Let's compare these two companies' fundamentals.
Palo Alto and FireEye both have strong records of double-digit sales growth. Palo Alto's revenue rose 54% annually to $335 million last quarter, compared to 55% growth in the previous quarter and 54% growth a year earlier. Billings rose 62% annually to $495 million, outpacing revenue growth and boosting its free cash flow 93% to $136 million. Total deferred revenue rose 73% annually to $929 million, indicating that near-term demand remains robust.
FireEye's revenue rose 29% annually to $185 million last quarter, down sharply from 45% growth in the previous quarter and 150% growth a year earlier. Billings rose 21% to $257 million, while free cash flow rose from negative $0.3 million a year earlier to $9.4 million. Total deferred revenue rose 49% annually to $527 million at the end of the fiscal year.
These figures indicate that Palo Alto has much stronger sales growth and more upcoming demand than FireEye. Analysts expect that trend to continue in the near term -- Palo Alto's revenue is expected to rise 47% this fiscal year, while FireEye's revenue is expected to improve 33%. However, Palo Alto's EV/Sales ratio of 11.3 is much higher than FireEye's ratio of 3.9, indicating that its stock is pricier relative to its trailing sales growth.
Neither Palo Alto nor FireEye is profitable on a GAAP basis. But on a non-GAAP basis, Palo Alto's net income rose 115% annually to $36.3 million last quarter. The difference between that profit and its GAAP net loss of $62.5 million can mainly be attributed to $106.9 million in stock-based compensation -- which represents a 76% jump from the prior year quarter.
FireEye, however, is unprofitable on a non-GAAP basis. On that basis, its net loss narrowed by nearly $4 million year-over-year to $52.5 million. A big chunk of that loss came from operating expenses, which rose 20% annually to $245.1 million. On a GAAP basis, its net loss widened from $105.7 million a year ago to $136.1 million. Like Palo Alto, the biggest adjustment was for stock-based compensation, which rose 28% to $57.8 million.
Palo Alto easily beats FireEye in bottom line comparisons because it has positive non-GAAP earnings growth, while it's unclear when FireEye's will stem its losses.
Looking ahead, both companies face the threat of bigger rivals like Cisco (NASDAQ:CSCO) marginalizing their services with bundled security offerings. Cisco expanded its firewall and threat prevention services by buying Sourcefire, ThreatGRID, and other security firms, and its security portfolio generated $1.7 billion in sales in fiscal 2015.
However, both Palo Alto and FireEye have "best in breed" reputations in next-gen firewalls and threat prevention solutions, respectively. Palo Alto's firewalls are approved by a large number of agencies worldwide, including the U.S. Department of Defense. FireEye was the first cybersecurity company to be certified by the U.S. Department of Homeland Security last April. FireEye is also part of the CyberArk (NASDAQ:CYBR)-led C3 alliance, which integrates CyberArk's privileged account protection solutions into its own threat prevention ones.
FireEye's real-time threat map. Image source: FireEye.
Since companies are unlikely to choose unproven, competing bundles to save a few dollars while exposing their records to hackers, there's been speculation that larger tech companies like Cisco could buy smaller players like Palo Alto and FireEye to consolidate the market. If that happens, FireEye, which has an enterprise value of $2.4 billion, could be considered a cheaper buy than Palo Alto's EV of $13 billion.
FireEye currently trades at a discount to its IPO price of $20 for two clear reasons -- its sales growth is slowing and its bottom line remains deep in the red. I think FireEye could still be a lucrative takeover target with its low EV/Sales ratio, but that's not a good enough reason to buy the stock. Therefore, investors interested in adding a cybersecurity stock to their portfolios should consider buying Palo Alto instead.
Shooting has begun, cast has been set and eOne has taken UK and Australia rights on Gurinder Chadha’s comedy/drama Blinded By The Light, a hybrid musical rooted in the British tradition of quirky comedies. This is the project that Deadline scooped Chadha was prepping with Cornerstone Films boarding international sales in Berlin. It’s based on the memoir Greetings From Bury Park by journalist/broadcaster Sarfraz Manzoor which chronicles his experiences as a British Muslim boy growing up in 1980s Luton and the impact Bruce Springsteen’s lyrics had upon him. And, evidently, The Boss is OK with that.
Chadha and Manzoor developed the film out of their shared passion for Springsteen. They both met him at the London premiere of the Springsteen doc The Promise in 2010 and discovered he had not only read, but admired the book.
Chadha and producing partner Jane Barclay have gathered a mix of new and familiar British comedy talent for the cast including Kulvinder Ghir (Still Open All Hours), Hayley Atwell (the Avengers franchise), Rob Brydon (The Trip movies), Sally Phillips (Bridget Jones’s Diary) and newcomers Viveik Kalra (Next Of Kin) and Nell Williams as romantic leads. Check out the first-look photo above.
The film is an Ingenious Media and Levantine Films presentation of a Bend It Films production and was developed with support from the BFI. Cornerstone Films is handling international sales and will introduce it to buyers in Cannes.
Levantine Films and Peter Touche of Ingenious Media are producing alongside Chadha and Barclay. Hannah Leader, co-writer Paul Mayeda Berges and Tracy Nurse serve as executive producers. Alice Dawson is the co-producer.
You know it’s a crazy endurance race when a slower class of car is leading the race and in with a remote shot of winning. And that’s exactly what happened at this past weekend’s Le Mans 24 Hours. But it was not to be, as the #2 Porsche car took the chequered flag in first.
It was looking like Toyota would finally break their duck this weekend, after the heartache of last year’s event. In fact, qualifying saw Kamui Kobayashi’s Toyota break the all-time lap record by roughly two seconds. And the race initially saw the Toyotas streak ahead, leaving the Porsches in the dust.
However, disaster would strike for the Toyotas in the overnight running, as a collision and clutch issue would force two of them out. The third Toyota was way down in the doldrums, having experienced a lengthy stop due to mechanical troubles — it would eventually finish just inside the overall top ten.
The Porsches weren’t immune to issues either, with the four hour mark seeing the #2 Porsche of Brendon Hartley, Timo Bernhard and Earl Bamber come into the pits with power unit issues. The car would sit in the pits for well over an hour, eventually emerging well past 50th place.
Once daylight broke again, it was the number one Porsche of Andre Lotterer, Neel Jani and Nick Tandy that had a handy lead. But this too was not to be, as a power unit issue saw the car coast and eventually stop barely halfway around the circuit.
The high attrition rate meant that the slower JOTA/Jackie Chan Racing DC LMP2 car (driven by Ho Pin Tung, Thomas Laurent and Oliver Jarvis) found itself in the lead, with several laps on the #2 Porsche and roughly three hours to go.
However, the Porsche would regularly lap at least 10 seconds faster than the LMP2 car, eventually retaking the lead with just over an hour to go. The running order would stay this way, delivering a hat-trick of wins for Porsche and seeing two LMP2 cars on the overall podium.
Meanwhile, the GTE Pro category went down to the last lap, with the Aston Martin of Jonny Adam, Darren Turner and Daniel Sera dicing with the Corvette of Jan Magnussen, Antonio Garcia and Jordan Taylor. The Corvette would suffer a puncture as they started the final lap, having run wide, leaving the Aston Martin to win.
The city of Geneva has been consumed by a fitness craze lately and it seems like everyone has taken up walking. To maximize the health benefits people are walking at both a brisk and constant rate.
In the space provided explain a procedure the students could use to determine Mr. D’s average speed.
To make the task worthy of extra credit the teacher has programmed a constant error into each stopwatch so that each reads a little longer or shorter than it should!
As an example, consider a stopwatch that measures the time it takes a runner moving at 5 m/s to travel 10 meters.
1. Determine Mr. D’s average speed.
Uncover the error programmed into the stopwatches.
You will earn your team 20 points for each goal you help Fred and Jane reach.
Fred and Jane have marked off a starting line as well as a line at 12 meters and another at 24 meters. Each stands at the line as indicated and starts timing when Mr. D crosses the starting line and stops their clock as Mr. D passes their respective line.
Mr. D. is very accommodating and gladly allows the team to time him for the following 10 trials.
How far did Mr. D travel in this time?
Jane suggests that she and Fred switch positions and repeat the experiment. Maybe she’s on to something… The new data is listed below.
Again, how far did Mr. D travel in this time?
As was the case with the example stopwatch, the ones used above can either add or subtract time from the true times. Determine what should be done to the data to answer the question and explain exactly what you did in the space below. Use the back of this paper if necessary. BE METHODICAL!!