Two IBD 50 stocks are in buy range in the stock market today: Illumina (ILMN) and Avago Technologies (AVGO). Illumina has a highest-possible IBD Composite Rating of 99. On Monday, MIT put the maker of gene sequencing systems at the very top of its “smartest companies list,” which the university says highlights where important innovations are happening right now. Other companies that made the list include Tesla (TSLA), Google (GOOGL) and
China e-commerce leader Alibaba Group (BABA) and its financial affiliate Ant Financial said they will invest nearly $1 billion in an online-to-offline e-commerce joint venture designed to let more people order and pay for local services from their smartphones. Alibaba and Ant Financial will each invest $483.3 million, giving them each half ownership of the joint venture, named Koubei.com. The companies said they planned to make the site into a hub
Ambarella (AMBA) stock on Tuesday recovered some lost ground from its big sell-off on Monday and Friday, after two analysts called the steep drop a buying opportunity. Shares of the video chipmaker were up 8%, near 102, in afternoon trading on the stock market today as investors risked “catching a falling knife.” Ambarella stock hit an all-time high of 128.06 on Thursday, but that marked a climax top and a more than 100% gain from its early March