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Market Close Report: NASDAQ Composite index closes at 3,498.97 up 33.73 points

Friday's session closes with the NASDAQ Composite Index at 3,498.97. The total shares traded for the NASDAQ was over 1.78 billion. Advancers stocks led declining by 2.2 to 1 ratio. There were [...]


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Moving the Market

 Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
5/17/2013 4:15 PM ET
[BRIEFING.COM]

[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy...

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  • 11:57 AM   "There are only four sources of high-quality maps," Google, Waze, Navteq, and TomTom (TMOAF.PK), says Rolfe Winkler, and given Facebook's rumored $1B acquisition of Waze, TomTom may become an attractive takeover target for the likes of Apple (AAPL) and others who, while able to drive a hard bargain on map licensing fees, may prefer to bid for the Netherlands-based company rather than worry that a rival will acquire it. TomTom trades at an EV/EBITDA ratio of just 6x. (From December: Rabobank puts AAPL/TomTom odds at 30%) 6 comments!
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