Sometimes less is more. That might be the case for Expedia (EXPE), which is expected to gain more from the sale of its 62.4% stake in eLong, a China-based online travel site, to Ctrip.com International (CTRP) and others for $671 million late last month, says Kevin Kopelman, an analyst for Cowen & Co. In a research report Wednesday, Kopelman raised his price target on Expedia stock to 130 from 118, and he maintained his outperform rating. “ELong
Shares of cybersecurity companies got another boost last week with the revelation that hackers had breached federal government computers and that some confidential data of 4 million federal workers and former workers were compromised. Today’s Screen of the Day is Young Guns, top-rated companies that have gone public within the last 15 years. Today’s screen includes three hot, young cybersecurity companies: CyberArk Software (CYBR), Palo Alto
Chipmakers such as Qualcomm and Cypress Semiconductor see healthy growth ahead through the “Internet of Medical Things.” In one example, Qualcomm (QCOM) and health-records software maker Cerner (CERN) are partnering to move health monitoring out of hospitals and into patients’ homes. Cerner uses Qualcomm’s chips to collect data from mobile medical devices and securely transmit the information to doctors and nurses so they can remotely manage