InvestmentNews caught up with LPL Financial LLC chief executive Mark Casady yesterday at the firm's annual adviser conference to ask him about some of the firm's recent developments, including its technology improvements, efforts to start a bank and regulatory scrutiny.
InvestmentNews: Is the announcement of a package of technology upgrades really LPL playing catch-up on its technology?
Mr. Casady: Not now. I would have said that a year ago. The [enhanced] trading system, the new account view, which is the way end clients look at data, and with mobile access as well, we're right there in terms of clients and mobile access.
Best Tech Stocks To Invest In Right Now: Cubist Pharmaceuticals Inc.(CBST)
Cubist Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. The company markets CUBICIN (daptomycin for injection), a once-daily, bactericidal, intravenous, antibiotic with activity against gram-positive organisms, including methicillin-resistant staphylococcus aureus. Its clinical development product pipeline consists of CXA-201, which is in the phase III clinical trial for patients with complicated urinary tract infections; and in phase II clinical trial for patients with complicated abdominal infections. The company is also developing CXA-201 for the treatment of hospital acquired pneumonia. In addition, its product under development comprises CB-183,315, an oral, bactericidal lipopeptide with in vitro bactericidal activity against C. difficile, for the treatment of clostridium difficile-associated diarrhea (CDAD). Further , the company?s pre-clinical programs include therapies to treat various bacterial infections and agents to treat acute pain. Additionally, it promotes MERREM I.V. (meropenem for injection), a carbapenem class intravenous antibiotic, in the United States under a commercial services agreement with AstraZeneca Pharmaceuticals, LP; and DIFICID as the treatment for CDAD in adults under the co-promotion agreement with Optimer Pharmaceuticals, Inc. The company also has collaborations with Forma Therapeutics, Inc. to discover and develop antibacterial compounds; an agreement with the Broad Institute to transform natural products discovery; a collaboration with Hydra Biosciences, Inc., to develop ion channel drugs; and a collaboration agreement with Alnylam Pharmaceuticals, Inc., for the development and commercialization of Alnylam's RNAi therapeutics as a therapy for the treatment of respiratory syncytial virus. The company was founded in 1992 and is headquartered in Lexington, Mas sachusetts.
Advisors' Opinion:- [By Sean Williams]
What: Shares of Cubist Pharmaceuticals (NASDAQ: CBST ) , a biopharmaceutical company devoted to developing acute care therapies, added 12% following the announcement of its second-quarter earnings results.
- [By Jake Keator]
Shares of Cubist Pharmaceuticals (NASDAQ: CBST ) exploded upward on Friday, finishing up over 9%. The company reported strong second-quarter results Thursday, beating average analyst estimates for both revenue and EPS. Total net revenues were $258.8 million, up 12.2% over Q2 2012, while non-GAAP diluted EPS was $0.42. Average analyst estimates were $254.73 million for revenue and EPS of $0.38.
Best Tech Stocks To Invest In Right Now: Savient Pharmaceuticals Inc(SVNT)
Savient Pharmaceuticals, Inc., a specialty biopharmaceutical company, focuses on developing KRYSTEXXA, a biologic PEGylated uricase in the United States. The KRYSTEXXA is being developed as a treatment for chronic gout in patients refractory to conventional therapy. The company also sells and distributes branded and generic versions of oxandrolone, a drug used to promote weight gain following involuntary weight loss. It sells its products directly to drug wholesalers. The company, formerly known as Bio-Technology General Corp. and changed its name to Savient Pharmaceuticals, Inc. in June 2003. Savient Pharmaceuticals, Inc. was founded in 1980 and is headquartered in East Brunswick, New Jersey.
Advisors' Opinion:- [By James E. Brumley]
It's still too soon to say Savient Pharmaceuticals Inc. (NASDAQ:SVNT) is off and running. In fact, the stock's decidedly NOT off and running yet. But, it's not too soon to put SVNT on your watchlist of potential breakout candidates, as it's much closer to a breakout than most anyone can see.
- [By James E. Brumley]
Since 2008's implosion from the stock, the interest in Savient Pharmaceuticals Inc. (NASDAQ:SVNT) has been waning. There was a brief burst of bullishness in September of last year, which stirred the bullish pot a little. But, when SVNT started to fade in October of that year - just as quickly as it had perked up - what lingering hopes there were for the stock finally started to melt away. By the middle of this year, pretty much everyone had written Savient Pharmaceuticals off as a lost cause. Big mistake. Over the last few days, SVNT has almost wiggled its way buck into a bullish zone.
5 Best China Stocks For 2014: Crs Electronics Inc (LED.V)
CRS Electronics Inc. develops, manufactures, and sells light emitting diode (LED) lighting products for interior and exterior architectural lighting applications primarily in North America. It offers child safety systems for school buses; exterior lighting on school buses based on incandescent and LED technology; LED based space lighting products; and LED lamps and fixtures for retail and commercial markets. The company is also involved in the contract manufacturing of LED light boards. CRS Electronics Inc. was incorporated in 1998 and is headquartered in Richmond Hill, Canada.
Best Tech Stocks To Invest In Right Now: Take-Two Interactive Software Inc.(TTWO)
Take-Two Interactive Software, Inc. publishes, develops, and distributes interactive entertainment software, hardware, and accessories worldwide. The company develops and publishes software titles for various gaming and entertainment hardware platforms, including PlayStation3 and PlayStation2 computer entertainment systems, PlayStation Portable system, Xbox 360 video game and entertainment system, and Wii and DS systems, as well as for the personal computer and games for Windows. It offers products through its wholly owned labels Rockstar Games and 2K, which publishes titles under 2K Games, 2K Sports, and 2K Play. The company, through its subsidiary, Jack of All Games, also distributes software, hardware, and accessories in North America. Its proprietary brand franchises include Grand Theft Auto; Sid Meier's Civilization; Max Payne; Midnight Club; Manhunt; Red Dead Revolver; Bully; BioShock; Sid Meier's Railroads!; Sid Meier's Pirates!; Carnival Games; and Top Spin, as wel l as licensed brands comprise the sports games Major League Baseball 2K; NBA 2K; and NHL 2K. The company sells its software titles to retail outlets through direct relationships with large retail customers and third party distributors. Its customers include mass merchandisers, specialty retailers, video stores, electronics stores, toy stores, national and regional drug stores, and supermarket and discount store chains. The company was founded in 1993 and is headquartered in New York, New York.
Advisors' Opinion:- [By WALLSTCHEATSHEET.COM]
Take-Two Interactive is a developer and provider of interactive entertainment for the use in gaming systems, personal computer, smartphones, and tablets worldwide. The company is reportedly seeing stronger than expected sales from its latest release, Grand Theft Auto V. The stock has been surging higher in recent quarter and is currently trading near multi-year highs. Over the last four quarters, earnings and revenues have been on the rise which has produced upbeat investors. Relative to its peers and sector, Take-Two Interactive has been a year-to-date performance leader. Look for Take-Two Interactive to OUTPERFORM.
- [By Rick Aristotle Munarriz]
AFP/Getty Images This should be a great time for GameStop (GME). This month's introduction of Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One should ring like dinner bells drawing diehard gamers to GameStop's stores. GameStop has assembled a network of 6,488 small-box locations across 15 different countries to cash in on moments like this. It has hosted midnight release parties for both consoles, and with demand exceeding supply, it's a safe bet that a lot of prospective buyers will be circling around their local GameStop locations as new systems arrive throughout the holiday shopping season. However, this may not be as jolly a holiday season as bulls were expecting this time. Blue Christmas GameStop delivered blowout quarterly results on Thursday morning. Sales and earnings clocked in ahead of expectations, but the stock still opened sharply lower because the chain served up a weak profit outlook for the new quarter. It has been seven and eight years, respectively, since Sony and Microsoft updated their consoles, and because of that, the holiday season is supposed to be huge for GameStop. The retailer is forecasting comparable store sales to grow by as much as 9 percent, and that may seem low since these new platforms aren't cheap. The Xbox One sells for $499. The PS4 fetches $100 less, but that price doesn't include the $60 camera accessory gamers will need to buy to get it up to speed with motion-based operations. However, the real shocker in GameStop's report is that it's only looking for a profit between $1.97 a share and $2.14 a share. Even at the high end, we're looking at earnings that are short of the $2.16 a share it earned a year ago and the $2.15 a share that Wall Street was expecting. The two likely culprits for the soft bottom line are weak software and pre-owned sales. And it remains to be seen if either of those two categories will truly bounce back. Thinking Outside of the Xbox Hardware has always been GameStop's lowest margin
- [By Tim Beyers]
GTA V, the latest in Take-Two Interactive's (NASDAQ: TTWO ) multibillion-dollar Grand Theft Auto franchise. A recent trailer for the new game has garnered more than 6 million views as of this writing. Don't be surprised if this game, which is due to hit stores in September, captures the bulk of the buzz coming out of E3.
Best Tech Stocks To Invest In Right Now: Leap Wireless International Inc.(LEAP)
Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the ?Cricket? brand name in the United States. The company offers unlimited local and the U.S. long distance services from various Cricket service area and unlimited text messaging services, as well as mobile Web, 411 services, navigation, and data back-up. It also provides BridgePay, a flexible payment option for customers to use and pay for the company?s cricket wireless service; handsets and devices with various features; cricket broadband service, an unlimited mobile broadband service that allows customers to access the Internet through their computers; Cricket PAYGo Service, a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional prepaid services; and Muve Music Service, an unlimited music download service for mobile handsets in select cricket markets. In addition, the company off ers voice and data roaming services. It markets its cricket handsets and services, primarily through company-owned retail stores and kiosks, as well as through authorized dealers and distributors, including premier dealers, local market authorized dealers, national mass-market retailers, and other indirect distributors. As of December 31, 2010, the company offered services in 35 states and the District of Columbia to approximately 5.5 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Neha Marwah]
This is not all. The second largest wireless operator is also in the process of closing a deal with regional carrier Leap Wireless (LEAP) in a transaction of $1.2 billion and by assuming a net debt of $2.8 billion. The regional carrier postponed its shareholders vote for the proposed acquisition as it was required to make corrections in prior financial statements.
- [By Andrew Tonner]
Scale has always been the name of the game in the telecom industry. Even dating back to the days of the AT&T (NYSE: T ) monopoly of the mid-20th century, telecom companies have always grown through acquisition. The financial crisis only temporarily slowed this trend, but we've seen the buyout boom in this space resume with a fury over the last 12 months. We recently saw the latest domino fall as giant AT&T agreed to snap up smaller pre-paid wireless player Leap Wireless (NASDAQ: LEAP ) . In this video, Fool contributor Andrew Tonner breaks down the deal and what it means for investors in this sector.
- [By Evan Niu, CFA]
What: Shares of Leap Wireless (NASDAQ: LEAP ) have leapt higher today by more than double, up by 116% at the high, following news that AT&T (NYSE: T ) has agreed to acquire the pre-paid carrier.
- [By Eric Volkman]
Leap Wireless (NASDAQ: LEAP ) will no longer be an independent company. It has agreed to be acquired by telecom giant AT&T (NYSE: T ) , both firms announced in a joint press release. The price is $15 per share in cash, for a total of around $1.19 billion.
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