Apple Inc. and Facebook Inc. will report quarterly earnings this week that underscore the technology industry’s division into two camps: providers that are adapting to shifting mobile and Web tastes, and those that have lagged behind.
U.S. stocks fell, giving the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern grew that a deadlock among U.S. lawmakers over the debt limit could lead to a government default.
The probe of SAC Capital Advisors LP, which has led to insider-trading charges against the hedge fund and eight SAC employees, has snared an outside analyst who is accused of giving illegal tips to a former SAC manager.
The biggest reason for being bearish Netflix is the high price-to-earnings ratio at which they are currently trading. The high operational costs of the company and its very low profit margins do not justify such irrational exuberance.