2017 was a strong year for big-cap stocks, as Facebook, Amazon, Netflix, and Google all handily beat the returns delivered by the NASDAQ. James Cakmak, Internet Analyst at Monness, Crespi, Hardt, was with us to deliver his tech stock outlook for 2018.
The past year delivered remarkable returns for big tech stocks, and Cakmak says the momentum will continue into 2018. Despite financial success, he sees headline risks persisting for Facebook, Amazon, and Google as regulatory scrutiny looms. The analyst names Amazon as the "most politically savvy" tech company, saying they are getting closer to the government as agencies adopt AWS and cities try become the location of choice for its new headquarters.
Facebook has made an aggressive move forward with its video strategy as it looks to diversify its revenue from traditional ads. Cakmak weighs in on whether Facebook Watch will be the next big way for them to bring in revenue.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
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Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
Elon Musk’s artificial intelligence company is taking down antisemitic comments and other “inappropriate posts” made by its Grok chatbot, including some praising Adolf Hitler.
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
