By Philip van Doorn, MarketWatch
The technology-heavy index is within striking distance of a record high
The Nasdaq Composite Index is about 70 points from its closing high of 5,049 set in February 2000, and Marder Investment Advisors' Kevin Marder argues that the tech benchmark is showing "scant signs of fatigue (http://www.marketwatch.com/story/the-nasdaq-is-doing-the-most-bullish-thing-a-market-can-do-2015-02-24)."
Then again, on an inflation-adjusted basis, the index would need to rise another 43% (http://streettalklive.com/index.php/blog.html?id=2621) to hit a "real" record, according to Lance Roberts of TA Wealth Management.
Here are the 10 Nasdaq tech winners over the past three years:
Company Ticker Industry Total return - YTD Total return - 2014 Total return - 3 years Total return - 5 years
CollabRx Inc. Electronic Data Processing Services 89% -83% -65% -80%
Netlist Inc. Semiconductors 88% 0% -58% -62%
Multi-Fineline Electronix Inc. Electrical Products 71% -19% -27% -12%
Devices, Inc. (NASDAQ: ADI ),
a global leader in high-performance semiconductors for signal processing
applications, today announced that Vincent Roche, President and Chief
Executive Officer, will speak at the Morgan Stanley Technology, Media &
Telecom Conference in San Francisco, California, on Tuesday, March 3,
2015 at 1:50 p.m. Pacific time.
BB&T (BBT) has disclosed in a Securities and Exchange Commission filing that it's taken an $85 million charge, relating to a fine it may have to pay over BB&T's Federal Housing Administration-insured loan origination process.
L Brands Inc.'s stock (LB) dropped 1.6% in after-hours trade Wednesday, after the apparel and specialty products retailer reported a fourth-quarter profit that beat expectations, but provided a disappointing current-quarter outlook.
SAN ANTONIO, TX--(Marketwired - February 25, 2015) - Rackspace ® (NYSE: RAX), the
#1 managed cloud company, today announced that company executives will present at the following conferences:
Taylor Rhodes, president and CEO, will give a keynote presentation at the JMP Securities Technology on Tuesday, March 3 at 2:00 pm PT in San Francisco.
Google Inc. (GOOGL) is overhauling its European business in order to better comply with the region's tougher regulatory environment, according to the Financial Times (http://www.ft.com/intl/cms/s/0/1f625176-bcf5-11e4-a917-00144feab7de.html#axzz3SnHXY358). The company plans to combine its various geographic regions into one under the leadership of U.K.-based Matt Brittin, who previously ran Google's Northern and Western European businesses, according to the report.
Fluor Corporation (NYSE: FLR) announced that its CFPS Engenharia
e Projetos, S.A., consortium with Construcap Engenharia e Comércio was
awarded an engineering and design contract by exploration and production
company Parnaíba Gás Natural (PGN) for a natural gas field development
project in the Parnaiba Basin in Maranhão state in Brazil.
Rovi Corporation (NASDAQ:ROVI) announced today that it intends to offer,
subject to market and other conditions, $300 million principal amount of
Convertible Senior Notes due 2020 (the "Notes") in a private offering to
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"). In addition,
Rovi expects to grant the initial purchasers for the offering an option
to purchase up to an additional $45 million principal amount of Notes
from Rovi solely to cover over-allotments.
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