Last week the stock market celebrated the five-year anniversary of the S&P 500 Index, since hitting its lowest point during the Great Recession. Over the past five years, the recovering bull market has rewarded a number of blue chip E-Commerce companies with soaring stock prices. However, there is also much skepticism surrounding the future of the market, leaving investors worried.
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5 Stocks Under $10
Nokia (NOK) is an established cellular phone producer. In 2007 the stock soared up to almost $40 per share, and the company was the largest cell phone producer in the world. However, as Apple (AAPL) and Google (GOOGL) both entered the cellular devices market, producing smart phones, Nokia lost ground. By February 2009, the stock price dipped below $10, as the iPhone and Android devices gained tremendous popularity.
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Tesla Uncoils For A Momentous Ride
Tesla (TSLA) is a revolutionary electric car company based out of Palo Alto, California. The company was founded, and is now overseen, by billionaire entrepreneur Elon Musk. Tesla’s stock has grown by 600% over the past year, but has also been quite volatile. Interestingly, Tesla’s product portfolio contains only a single car: the Model S.
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GoPro To IPO
The fastest growing digital imaging company in America, GoPro, Inc., recently announced that it is undergoing the process of planning an initial public offering of stock. The company, which began as an experiment for Founder and CEO Nicholas Woodman, who wanted to capture his surfing adventures and share them with his friends, has quickly developed into a household name in digital media.
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What's Up With WhatsApp?
In an unprecedented move that shocked many in the financial world, social media powerhouse Facebook (FB) has purchased WhatsApp, the popular social messaging app, for an astonishing $19 Billion. Yes, that’s billion with a ‘B;’ the acquisition will cost Facebook an estimated 10% of their outstanding shares.
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Pulling The Plug On Monopolies
In a deal that could shake up the Cable Television business, powerhouse provider Comcast is attempting to acquire the smaller, but still formidable Time Warner Cable in a $45 Billion stock deal. The deal would add around 11 million subscribers to Comcast’s current 22 million, covering about a third of households in the United States.
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The Snowden Effect
Let’s face it, technology isn’t going anywhere; hence, neither is Cisco (CSCO). In fact, the IT sector is expected to grow in key verticals such as cloud computing, thanks to the advent of big data, and by the potential of the Internet of Everything. As technology becomes more pervasive, and companies such as Google (GOOG) and Facebook (FB) collect increasing amounts of user information, the demand to organize and prioritize this big data has resulted in an unprecedented demand for analytic equipment.
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