Traders-Blog.com

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

On Friday’s show Cramer talked about trading rules and there were no new picks. Below are the stocks from the last show with new picks, from Friday December 22, 2006.

Bullish
Acme Pocket (APKT) (”hot stock”) (Mad Money)
AIG (AIG) (Mad Money)
Alcoa (AA) ($34 or $35 target) (mentioned on Stop Trading!)
Altria (MO) (mentioned on Stop Trading!)
Asbury Automotive (ABG) (Mad Money)
Bank of America (BAC) (Lightning Round)
Brinker International (EAT) (Lightning Round)
ConAgra (CAG) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Darden (DRI) (Lightning Round)
Denny’s (DENN) (Lightning Round)
Devon Energy (DVN) (Mad Money)
Dynegy (DYN) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Halliburton (HAL) (Mad Money)
Honeywell (HON) (mid $50s target) (mentioned on Stop Trading!)
InnerWorkings (INWK) (”hot stock”) (Mad Money)
Johnson & Johnson (JNJ) (Mad Money)
Level 3 Communications (LVLT) (”triple buy”) (Lightning Round)
National City (NCC) (Mad Money)
Omniture (OMTR) (”hot stock”) (Mad Money)
Pfizer (PFE) (mentioned on Stop Trading!)
Quest Software (QSFT) (Lightning Round)
Research In Motion (RIMM) (Mad Money)
Riverbed (RVBD) (”hot stock”) (Mad Money)
Safeway (SWY) (Lightning Round)
U.S. Bancorp (USB) (Mad Money)
United Online (UNTD) (”should go much higher”) (Mad Money)
UST (UST) (mentioned on Stop Trading!)

Bearish
American Oriental Bioengineering (AOB) (Lightning Round)
CBOT Holdings (BOT) (Lightning Round)
DivX (DIVX) (Mad Money)
FedEx (FDX) (Lightning Round)
Harrah’s (HET) (Lightning Round)
Scottish Power (SPI) (Lightning Round)
Skyworks Solutions (SKWS) (Lightning Round)
Smithfield Foods (SFD) (Lightning Round)
Winn-Dixie (WINN) (Lightning Round)
Yum! Brands (YUM) (Lightning Round)

Stocks finished the year with strong gains with all three major stock averages booking their best performance since 2003. However, for the day, the investors backed off a bit at the end of an upbeat quarter. Markets will be closed Monday for New Year’s Day and Tuesday for the national day of mourning for President Ford, marking a rare four-day closure for U.S. trading.

Today, the Dow Jones industrial average closed down 38.37 or 0.31% to 12,463.15, the broader S&P 500 closed down 6.43 or 0.45% to 1,418.3, and the Nasdaq closed down 10.28 or 0.42% to 2,415.29. For the year, the Dow gained 16.3%, the S&P gained 13.6% and the Nasdaq Composite advanced 9.5%.

Market breadth was negative and volume was light. On the New York Stock Exchange, decliners beat advancers 10 to 6 as 1 billion shares changed hands. On the Nasdaq, losers topped winners 9 to 6 on volume of around 1.4 billion shares.

There was little corporate or economic news to focus on and investors seemed content to hold on to gains through most of the session, before bailing out a little in the last half hour of trade. 2006 marked the fourth year in a row that the S&P 500 and Nasdaq composite posted gains. While, for the Dow, it was the third of four upbeat years. The stock gains were far better than what many prognosticators were expecting.

Analyst opine that January could bring some weakness as investors that have held off taking profits on 2006 gains for tax reasons opt to sell some winners. In addition, the arrival of the new Congress in late January and the start of fourth-quarter earnings pre-announcements could all set markets up for a pullback.

Shares of Apple closed up $3.97 to $84.84, after the company restated its earnings and acknowledged that options were wrongly dated but it said CEO Steve Jobs didn’t benefit as a result. Apple said it has recognized total additional non-cash stock-based compensation expenses of $84 million after taxes, including $4 million and $7 million in fiscal years 2006 and 2005, respectively. The board of directors is confident that the company has corrected the problems that led to the restatement, and it has complete confidence in Steve Jobs and the senior management team.

It is reported that Marsh & McLennan Cos. has agreed to sell Putnam Investments unit to fellow financial firm Power Corp. of Canada for $3.9 billion. This led the shares of MMC to close down $0.08 or 0.2% to $30.66. A deal could be announced early next year.

Shares of AT&T closed up $0.22 or 0.7% to $35.72, on news that it has offered concessions that should lead the way to winning approval of its $85 billion buyout of BellSouth. The stock of BellSouth closed up $0.31 to $47.11. New conditions include a promise to observe “network neutrality” principles, an offer of affordable stand-alone digital subscriber line service and divestment of some wireless spectrum. This would be the largest telecommunications merger in U.S. history. For the year, shares of AT&T Corp. have gained 46%.

Stock of Goodyear Tire & Rubber gained 5%, as the company said it plans to achieve savings through a three-year deal with the United Steelworkers union. The contract would give Goodyear the ability to save up to $610 million over the term of the contract and $300 million a year in ongoing savings.

Shares of General Motors closed up $0.11 to $30.73, and this was the best performing Dow stock of the year. GM that lost half of its value in 2005 as investors feared the automobile giant might go bankrupt, rose 58.2% in 2006.

U.S. light crude oil for February delivery rose 52 cents to $61.05 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

On Thursday’s show Cramer talked about trading rules and there were no new picks. Below are the stocks from the last show with new picks, from Friday December 22, 2006.

Bullish
Acme Pocket (APKT) (”hot stock”) (Mad Money)
AIG (AIG) (Mad Money)
Alcoa (AA) ($34 or $35 target) (mentioned on Stop Trading!)
Altria (MO) (mentioned on Stop Trading!)
Asbury Automotive (ABG) (Mad Money)
Bank of America (BAC) (Lightning Round)
Brinker International (EAT) (Lightning Round)
ConAgra (CAG) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Darden (DRI) (Lightning Round)
Denny’s (DENN) (Lightning Round)
Devon Energy (DVN) (Mad Money)
Dynegy (DYN) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Halliburton (HAL) (Mad Money)
Honeywell (HON) (mid $50s target) (mentioned on Stop Trading!)
InnerWorkings (INWK) (”hot stock”) (Mad Money)
Johnson & Johnson (JNJ) (Mad Money)
Level 3 Communications (LVLT) (”triple buy”) (Lightning Round)
National City (NCC) (Mad Money)
Omniture (OMTR) (”hot stock”) (Mad Money)
Pfizer (PFE) (mentioned on Stop Trading!)
Quest Software (QSFT) (Lightning Round)
Research In Motion (RIMM) (Mad Money)
Riverbed (RVBD) (”hot stock”) (Mad Money)
Safeway (SWY) (Lightning Round)
U.S. Bancorp (USB) (Mad Money)
United Online (UNTD) (”should go much higher”) (Mad Money)
UST (UST) (mentioned on Stop Trading!)

Bearish
American Oriental Bioengineering (AOB) (Lightning Round)
CBOT Holdings (BOT) (Lightning Round)
DivX (DIVX) (Mad Money)
FedEx (FDX) (Lightning Round)
Harrah’s (HET) (Lightning Round)
Scottish Power (SPI) (Lightning Round)
Skyworks Solutions (SKWS) (Lightning Round)
Smithfield Foods (SFD) (Lightning Round)
Winn-Dixie (WINN) (Lightning Round)
Yum! Brands (YUM) (Lightning Round)

Stocks closed mildly lower after the Dow Jones Industrial Average managed to set a new intraday high, as the brunt of selling pressure seen earlier in the day disappeared ahead of the final trading day of the year. The market earlier was hurt by concerns about strong data forcing the Federal Reserve to keep rates high. However, the declines were minimal one day after the Dow Jones industrial average hit its highest close ever and one day before the end of a strong year on Wall Street.

Today, the Dow Jones industrial average closed down 9.05 or 0.07% to 12,501.52, the broader S&P 500 index closed down 2.11 or 0.15% to 1,424.73, and the Nasdaq closed down 5.65 or 0.23% to 2,425.57.

Market breadth was negative, and volume was moderate. On the New York Stock Exchange, losers beat winners 8 to 7 on volume of 770 million shares. On the Nasdaq, decliners topped advancers 4 to 3 as 1.07 billion shares changed hands.

Investors eyed a trio of bullish economic reports that caused worries that the Federal Reserve may not cut interest rates as soon as investors have been hoping. The pace of existing home sales rose in November from the previous month, although the median price dropped 3.1% to $218,000. While the pace of home sales picked up 0.6% from the 6.24 million rate in October, it was 10.7% below year-ago levels of 7.03 million units.

U.S. consumer confidence rebounded in December, rising to an eight-month high as consumers’ view of the labor market improved. The index of consumer sentiment climbed to 109.0 in December - its highest reading since April 2006 - from an upwardly revised 105.3 in November. This is against the forecast reading of 102.0. However, there is little to suggest sharp improvement in overall economic activity in the fourth quarter of the year.

The number of Americans filing new claims for unemployment rose less than expected last week. The number rose a smaller-than-expected 1,000 to 317,000 that showed a stable job market. Economist had forecast that claims would be a seasonally adjusted 320,000. The four-week moving average of claims, declined to 315,750, from 326,000 in the prior week.

Shares of Apple closed down $0.59 or 0.7% to $80.93, amid ongoing concerns about its options practices, which are under federal investigation. Apparently, the company gave CEO Steve Jobs 7.5 million stock options in 2001 without the approval of the board.

Shares of IBM closed down $0.14 to $97.06, after IBM and Siemens AG received a 10-year, $9.3 billion contract from the German armed forces to modernize their data centers, software and computers. Siemens will receive a 60% share of the deal, and IBM would get the rest. Stock of Siemens rose 1.2% to 75.02 euros on the news and were the top gainer in a flat German DAX. The two companies will co-manage the project, jointly holding 50.1% in the consortium running it. The German government holds the remaining 49.9%.

U.S. light crude oil for February delivery rose 41 cents to $60.75 a barrel on the New York Mercantile Exchange. The price of oil fluctuated after the weekly energy inventory report showed a big decline in oil reserves and a jump in gasoline stockpiles.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

On Wednesday’s show Cramer talked about trading rules and there were no new picks. Below are the stocks from the last show with new picks, from Friday December 22, 2006.

Bullish
Acme Pocket (APKT) (”hot stock”) (Mad Money)
AIG (AIG) (Mad Money)
Alcoa (AA) ($34 or $35 target) (mentioned on Stop Trading!)
Altria (MO) (mentioned on Stop Trading!)
Asbury Automotive (ABG) (Mad Money)
Bank of America (BAC) (Lightning Round)
Brinker International (EAT) (Lightning Round)
ConAgra (CAG) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Darden (DRI) (Lightning Round)
Denny’s (DENN) (Lightning Round)
Devon Energy (DVN) (Mad Money)
Dynegy (DYN) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Halliburton (HAL) (Mad Money)
Honeywell (HON) (mid $50s target) (mentioned on Stop Trading!)
InnerWorkings (INWK) (”hot stock”) (Mad Money)
Johnson & Johnson (JNJ) (Mad Money)
Level 3 Communications (LVLT) (”triple buy”) (Lightning Round)
National City (NCC) (Mad Money)
Omniture (OMTR) (”hot stock”) (Mad Money)
Pfizer (PFE) (mentioned on Stop Trading!)
Quest Software (QSFT) (Lightning Round)
Research In Motion (RIMM) (Mad Money)
Riverbed (RVBD) (”hot stock”) (Mad Money)
Safeway (SWY) (Lightning Round)
U.S. Bancorp (USB) (Mad Money)
United Online (UNTD) (”should go much higher”) (Mad Money)
UST (UST) (mentioned on Stop Trading!)

Bearish
American Oriental Bioengineering (AOB) (Lightning Round)
CBOT Holdings (BOT) (Lightning Round)
DivX (DIVX) (Mad Money)
FedEx (FDX) (Lightning Round)
Harrah’s (HET) (Lightning Round)
Scottish Power (SPI) (Lightning Round)
Skyworks Solutions (SKWS) (Lightning Round)
Smithfield Foods (SFD) (Lightning Round)
Winn-Dixie (WINN) (Lightning Round)
Yum! Brands (YUM) (Lightning Round)

Stocks rallied and pushed the Dow Jones Industrial Average to a new closing high above the 12,500 mark. Unexpected robust housing sales data cheered investors. Additionally, falling oil prices, fresh burst of end-of-year buying fueled the markets.

Today, the Dow Jones industrial average closed up 102.94 or 0.83% to 12,510.57, its highest close ever. The broader S&P 500 index closed up 9.94 or 0.7% to 1,426.84, the Nasdaq closed up 17.71 or 0.73% to 2,431.22.

Market breadth was positive. On the New York Stock Exchange, winners topped losers by 26 to 7 on volume of 972 million shares. On the Nasdaq, advancers beat decliners by 21 to 8 on volume of 1.234 billion shares.

Traditionally, the last days at the end of the year and the first few days of a new year have tended to be positive for equities. Additionally, the above-forecast new home sales numbers for November have some investors moving toward the opinion that the housing market may have bottomed out. This could lead to greater strength in the economy in 2007. The Dow hitting a new record was important for the psychology of the market, adding to hopes that the more than four-year old bull market can continue next year.

Investors welcomed a report showing a surprisingly strong jump in new home sales and prices in November. New homes sold at an annual pace of 1.05 million or up 3.4%, against the expected 1.02 million pace. The median average home price came in at $251,700, up from the $248,500 level in October. The inventory of new homes on the market came down to an estimated 6.3 months’ supply, compared to 6.7 months in October and 7.2 months in July.

Shares of Apple closed up $0.01 to $81.52, on news that federal prosecutors are looking into whether company executives falsified stock options documents. The shares sank as much as 6% in the morning, before recovering.

There is speculation that Ford President and CEO Alan Mulally and Toyota Chairman Fujio Cho were discussing a possible tie-up between the two companies. The two met last week in Japan, though further details are not known.

Shares of Burger King Holdings Inc. closed down 1 cent at $20.60, after stating that the fast food outlet’s U.K. sales could fall by 10% to 15% in Britain as it has stopped television advertising to children.

U.S. light crude oil for February delivery fell 52 cents to settle at $60.38 a barrel on the New York Mercantile Exchange. The contract was under pressure after forecasts for warmer-than-average temperatures in the Eastern U.S. dampened demand expectations, overshadowing political concerns involving Iran, Nigeria and Somalia.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

On Tuesday’s show Cramer talked about trading rules and there were no new picks. Below are the stocks from the last show with new picks, from Friday December 22, 2006.

Bullish
Acme Pocket (APKT) (”hot stock”) (Mad Money)
AIG (AIG) (Mad Money)
Alcoa (AA) ($34 or $35 target) (mentioned on Stop Trading!)
Altria (MO) (mentioned on Stop Trading!)
Asbury Automotive (ABG) (Mad Money)
Bank of America (BAC) (Lightning Round)
Brinker International (EAT) (Lightning Round)
ConAgra (CAG) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Darden (DRI) (Lightning Round)
Denny’s (DENN) (Lightning Round)
Devon Energy (DVN) (Mad Money)
Dynegy (DYN) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Halliburton (HAL) (Mad Money)
Honeywell (HON) (mid $50s target) (mentioned on Stop Trading!)
InnerWorkings (INWK) (”hot stock”) (Mad Money)
Johnson & Johnson (JNJ) (Mad Money)
Level 3 Communications (LVLT) (”triple buy”) (Lightning Round)
National City (NCC) (Mad Money)
Omniture (OMTR) (”hot stock”) (Mad Money)
Pfizer (PFE) (mentioned on Stop Trading!)
Quest Software (QSFT) (Lightning Round)
Research In Motion (RIMM) (Mad Money)
Riverbed (RVBD) (”hot stock”) (Mad Money)
Safeway (SWY) (Lightning Round)
U.S. Bancorp (USB) (Mad Money)
United Online (UNTD) (”should go much higher”) (Mad Money)
UST (UST) (mentioned on Stop Trading!)

Bearish
American Oriental Bioengineering (AOB) (Lightning Round)
CBOT Holdings (BOT) (Lightning Round)
DivX (DIVX) (Mad Money)
FedEx (FDX) (Lightning Round)
Harrah’s (HET) (Lightning Round)
Scottish Power (SPI) (Lightning Round)
Skyworks Solutions (SKWS) (Lightning Round)
Smithfield Foods (SFD) (Lightning Round)
Winn-Dixie (WINN) (Lightning Round)
Yum! Brands (YUM) (Lightning Round)

Stocks closed higher after investors made a beeline for shares that dropped to attractive prices during last week’s sell-off, although Amazon.com Inc. and other retailers were pressured by concerns about the strength of holiday shopping sales. However, falling oil prices helped offset a weak report on holiday retail sales.

Today, the Dow Jones industrial average closed up 64.41 or 0.52% to 12,407.63, the broader S&P 500 index closed up 6.14 or 0.44% to 1,416.90, and the tech-heavy Nasdaq composite closed up 12.33 or 0.51% to 2,413.51.

Volume was light with many investors on vacation. Market breadth was positive. On the New York Stock Exchange, advancers topped decliners by a margin of two to one on volume of 800 million shares. On the Nasdaq, winners beat losers by a margin of 17 to 11 as 1 billion shares changed hands.

While the Santa Claus rally has lifted stocks this month, stocks had trouble finding momentum ahead of the holiday weekend. Today, all three major gauges posted gains in thin trade, despite reports that sales for the holiday shopping period grew about 6.6% - below last year’s 8.7%. However, the recent corporate takeover boom has been partly responsible for turning investors’ attention away from the disappointing year-end retail sales reports.

Stock of Microsoft Corp. closed up 1.2% at $29.97, after it was in focus following a WSJ.com report that the company is leveraging personal and search information gleaned from its Hotmail e-mail program and its Live Search engine in a worldwide effort to target ads at users of its sites. The method, called behavioral targeting, is designed to allow advertisers to more efficiently reach exactly the audiences they want. However, computer-security experts have found potentially serious flaws in Microsoft’s new Vista operating system.

Shares of Eli Lilly & Co. finished 0.8% higher at $51.78, after the FDA approved Byetta injection as an add-on therapy to improve blood-sugar control. The treatment has been approved for people with type 2 diabetes who have not achieved adequate control on other medications.

Stock of Telika closed down $11.49 or 70% to $4.77, after the drug maker said its experimental cancer drug failed to improve survival in patients with advanced lung cancer or ovarian cancer.

Light sweet crude oil sank $1.31 to $61.10 a barrel on the New York Mercantile Exchange as mild Northeast weather offset concerns about Iran’s nuclear program.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
Acme Pocket (APKT) (”hot stock”) (Mad Money)
AIG (AIG) (Mad Money)
Alcoa (AA) ($34 or $35 target) (mentioned on Stop Trading!)
Altria (MO) (mentioned on Stop Trading!)
Asbury Automotive (ABG) (Mad Money)
Bank of America (BAC) (Lightning Round)
Brinker International (EAT) (Lightning Round)
ConAgra (CAG) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Darden (DRI) (Lightning Round)
Denny’s (DENN) (Lightning Round)
Devon Energy (DVN) (Mad Money)
Dynegy (DYN) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Halliburton (HAL) (Mad Money)
Honeywell (HON) (mid $50s target) (mentioned on Stop Trading!)
InnerWorkings (INWK) (”hot stock”) (Mad Money)
Johnson & Johnson (JNJ) (Mad Money)
Level 3 Communications (LVLT) (”triple buy”) (Lightning Round)
National City (NCC) (Mad Money)
Omniture (OMTR) (”hot stock”) (Mad Money)
Pfizer (PFE) (mentioned on Stop Trading!)
Quest Software (QSFT) (Lightning Round)
Research In Motion (RIMM) (Mad Money)
Riverbed (RVBD) (”hot stock”) (Mad Money)
Safeway (SWY) (Lightning Round)
U.S. Bancorp (USB) (Mad Money)
United Online (UNTD) (”should go much higher”) (Mad Money)
UST (UST) (mentioned on Stop Trading!)

Bearish
American Oriental Bioengineering (AOB) (Lightning Round)
CBOT Holdings (BOT) (Lightning Round)
DivX (DIVX) (Mad Money)
FedEx (FDX) (Lightning Round)
Harrah’s (HET) (Lightning Round)
Scottish Power (SPI) (Lightning Round)
Skyworks Solutions (SKWS) (Lightning Round)
Smithfield Foods (SFD) (Lightning Round)
Winn-Dixie (WINN) (Lightning Round)
Yum! Brands (YUM) (Lightning Round)

Stocks closed lower and booked losses for the week, after a key economic report on orders of big ticket items fueled concerns about growth, offsetting upbeat earnings from Blackberry maker Research in Motion Ltd. and software producer Red Hat Inc. The data also gave investors a chance to book profits ahead of the long Christmas holiday weekend, while low volumes exaggerated the market’s moves.

Today, the Dow Jones industrial average closed down 78.03 or 0.63% to 12,343.22, the broader S&P 500 index closed down 7.54 or 0.53% to 1,410.76, and the tech-heavy Nasdaq composite index closed down 14.67 or 0.61% to 2,401.18. For the week, the Dow Industrials dropped 0.8%, the S&P 500 fell 1.1%, while the Nasdaq lost 2.3%. It was the heaviest week of losses for the tech-heavy index since July.

Market breadth was negative. On the New York Stock Exchange, decliners topped advancers by a margin of 19 to 12 on volume of 986 million shares. On the Nasdaq, losers beat winners by a margin of 4 to 3 as 1.33 billion shares changed hands.

Stocks may not enjoy the Santa Claus rally, during the last five trading sessions of the year, since stocks have already run up big gains this year. The Dow is up 15%, the S&P 500 has gained 13% and the Nasdaq is up 9%. But as the year draws to a close, some analysts still have hopes for a rally. The stock market’s ability to continue to advance and maintain its gains of the past six months has been interpreted as a bet that the economy will have a soft landing next year, with the Fed expected to cut interest rates to help stave off a fast-falling housing market.

Stocks slid today after a report showing a surprise decline in durable goods orders overshadowed a tame inflation reading. Orders for big-ticket items rose 1.9%, but excluding transportation, orders tumbled 1.1%. The core PCE was flat in December. The key inflation gauge showed no rise in prices in November while Americans’ incomes and spending both rose, but came in a bit lighter than expected. Spending increased 0.5%, up from a revised 0.3% in October. Personal income grew 0.3% against the forecast 0.4% rise.

Stock of Research In Motion Ltd. closed down $3.70 to $130.00, despite reporting 47% growth in quarterly profit on strong shipments of its handheld devices. Additionally, Pacific Crest Securities raised the price target for the shares to $160 from $150. The company reported a third-quarter profit of $176 million, compared with last year’s $120.1 million. Sales for the quarter rose 49% to $835.1 million, compared to the $560.6 million a year ago.

Shares of Red Hat shot up $4.50 or 23% to $22.46, after the software developer posted strong sales and added more than 12,000 new customers. However, the company said third-quarter net income fell 37% to $15.5 million, from $24.5 million a year earlier. Yet sales rose 45% to $105.8 million from $73.1 million last year on the back of higher subscription sales of the company’s open-source software. Its subscription revenue was $88.9 million, up 48% year-over-year.

U.S. light crude oil for February delivery fell 25 cents to settle at $62.41 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial