1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Market, Industry and Sector Update Week Beginning 24th February

Discover Triumph Financial Advisors, Inc. the independent financial advisory firm featuring cutting-edge technology, attentive individualized service, business transition assistance and the freedom to choose what's best for you.

 
 
TriumphLogo
TriumphLogo
PRLog - Feb. 27, 2014 - The major news this week has been the purchase of Whatsapp by Facebook Inc (NASDAQ: FB). This has created much furor and discussion from nearly every tech commentator around. The $18bn deal, much undervalued by Mark Zuckerberg has shown how the social media entrepreneur looks to guide his company forward. Many people have said that his style of leadership, looking to the future before looking to profits; harks back to Steve Jobs at Apple Inc and the guys at Google Inc and Microsoft Inc when they were in their heyday. One of the main topics of conversation has been how WhatsApp had a strict no advertising policy, ever. How Facebook will adapt the application is yet to be seen however the stock closed up just over 3% on the news, driving it to hit its highest ever PPS at $71.44 and at close, a return of over 85% since its listing, add this to the high target of $85.00 expected within the next few months by many an analyst and we expect good things from this company in the future.

Continuing with technology. There have been a slew of major announcements this week which will help the sector as a whole continue to improve and look to push the market as a whole. Here are our 3 favorites:

ZTE Corporation (HK: 0763.HK) won two international design awards with its ZTE Zing Series highlighting the international mobile producers ever increasing competitiveness with their Korean, Japanese and American counterparts.

Toshiba Corporation (LSE: TOS.L) announced its development of the world's fastest device controller for NAND Flash Memory Modules.

PayPal and Samsung Electronics Co. (LSE:SMSW.LI) have linked together to allow "Shop & Pay" with fingerprint recognition on the new Galaxy S5. This is seen as another attempt for both Samsung and Google Inc. (NASDAQ: GOOG) to look to tear away some of Apples Inc, Iphone 5 users.

In The Biotechnology sector one of the major movers has been Novavax Inc (NASDAQ: NVAX). This mid cap Biotech firm is one of the main developers of vaccines specifically targeting RSV and Influenza illnesses. With several products at mid level FDA approval the company has been linked with potential buyout talks by Merck & Co. Inc with several other firms eagerly awaiting the results of the latest FDA update on approval. With the stock's recent volatility showing both profit taking and subsequent re-investment there can only be a positive outcome in our opinion.

Finally we round off with a quick look at the Forex and Commodity markets.

The USD $ has been looking weak this past few months. A small correction is expected to surface over the next week or so with the Dollar to Pound looking to settle at 1.63 and the Dollar to Euro looking at an even smaller move to the 1.36 range. FX traders seem to be quiet so far this year and it is a general rumor within the sector that the Forex Industry is going to be very quiet in 2014.

Precious metals are starting to threaten a breakout with Forex and certain industries in the market looking flat. Gold has reached a 4mth high lately off the back of China growth and general concerns with the global economy. This has seen gold's April contract rise to $1,338.00. Gone are the days of $2,500.00 an ounce being slated, now we expect a more leveled increase over the course of 2014. Silver spot has been hovering around the low $20's for the majority of 2014. Again, the late $40's of a couple of years ago are a distant dream however there is true belief in the value of this commodity and it will to some extent follow Golds expected increases over the course of the coming year.

For more information on the services provided by Triumph Financial Advisors please visit our website at www.triumphfinancialadvisors.com or contact us on info@triumphfinancialadvisors.com.

DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Triumph Financial Advisors.

Photo:
http://www.prlog.org/12288266/1

--- End ---

Click to Share

Contact Email:
***@triumphfinancialadvisors.com Email Verified
Source:Triumph Financial Advisors
Industry:Finance, Investment
Tags:triumph financial advisors, market update, biotechnology, zurich, News
Shortcut:prlog.org/12288266
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share