Wall St. Cheat Sheet » 4 Tech Stock Stories for Monday Investment Scanning http://wallstcheatsheet.com Financial Media for Trading, Investing, and Business Fri, 24 May 2013 20:25:04 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 4 Tech Stock Stories for Monday Investment Scanning http://wallstcheatsheet.com/stocks/4-tech-stock-stories-for-monday-investment-scanning.html/ http://wallstcheatsheet.com/stocks/4-tech-stock-stories-for-monday-investment-scanning.html/#comments Mon, 25 Feb 2013 20:36:05 +0000 Mark Lawson http://wallstcheatsheet.com/?p=386072 Zynga (NASDAQ:ZNGA): Current price $3.53

In a move to further reduce costs, Zynga is shutting its Baltimore studio, thereby consolidating its presence in New York City and Texas. This closure follows a series of cost-cutting endeavors that included shutting its Boston and Tokyo offices, along with layoffs for around 5 percent of the firm’s workforce. Those decisions allowed Zynga to save $25 million last quarter.

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Facebook (NASDAQ:FB): Current price $27.29

Facebook is collaborating with data majors such as Epsilon, Acxiom and Datalogix to enable brands to match data gathered through shopper loyalty programs to individual Facebook profiles, much as it has done previously with marketers’ customer data from their CRM databases. Datalogix, a company with a rich holdings of loyalty-program data, was noticed last fall after Facebook worked jointly with the firm to decipher whether users exposed to ads on the social network later bought any of those products in stores.

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Akamai Technologies (NASDAQ:AKAM): Current price $36.70

Commenting that Akamai’s recent sell-off should signal a good buying opportunity, Macquarie moves the shares from Neutral  to Outperform along with a $42 price target.
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Visa (NYSE:V): Current price $157.89
The world’s biggest electronic payments network is working  jointly with Samsung through which to supply a financial program to permit mobile handsets to be used as a credit or debit card. Visa’s PayWave application will become a standard feature on Samsung devices that are equipped with near-field-communication tech, enabling customers to pay for goods or services by tapping their phones on a reader, according to a statement made Monday at the Mobile World Congress in Barcelona. Further, the firms will cooperate on tech for banks to download account information securely to Samsung phones for the payments.
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