On Thursday, E*TRADE Financial Corp (NASDAQ:ETFC)’s shares inclined 1.90% to $28.48.
E*TRADE Financial Corp (ETFC) stated a fall in its Daily Average Revenue Trades (DARTs) for May 2015. According to the monthly market activity report for May, E*TRADE’s DARTs totaled 151,444, down 4% from the prior month and up 3% on a year-over-year basis.
Broker performance is generally measured through DARTs that represent the number of trades from which brokers can expect commissions or fees. The fall in DARTs largely reflects investors’ unwillingness to invest in equity markets.
At the end of the month under review, E*TRADE had about 4.8 million accounts – 3.2 million brokerage accounts, 1.3 million stock plan accounts and 0.3 million banking accounts.
For the stated month, E*TRADE’s total brokerage accounts comprised of 27,865 gross new brokerage accounts. Moreover, the company’s net new brokerage assets totaled $1.0 billion contrast with negative $0.4 billion recorded in the prior month. Total brokerage accounts reflect the company’s ability to attract and retain customers who trade and invest.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.
Best Buy Co Inc (NYSE:BBY)’s shares gained 0.45% to $33.67.
Best Buy Co Inc (BBY)’s Geek Squad declared the launch of the ninth Geek Squad Academy summer program. This grassroots tech experience inspires under-served teens to consider technology careers and assist address the nation’s widely-anticipated professional labor shortage.
According to the Change the Equation, a group of Fortune 500 companies that encourages students to pursue STEM (science, technology, engineering and math) careers, the American workforce is still failing to pursue different fields. The lack of broad representation in these high-demand areas threatens the U.S. economy by creating a competitive advantage for other countries.
Conducted in partnership with non-profit organizations such as the Boys & Girls Clubs of America, Junior Achievement and Young Adult Library Services Association, Geek Squad Academy classes are designed by Geek Squad Agents to demystify technology and ignite a passion for technology through fun and inspiring hands-on learning. At this year’s sessions, students will explore the ins and outs of technology through subjects like digital citizenship, film production, computer programming and robotics, in addition to 3D printing and circuitry.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
At the end of Thursday’s trade, Plug Power Inc (NASDAQ:PLUG)‘s shares dipped -0.43% to $2.33.
Plug Power Inc. (PLUG) in the fuel systems and storage business. It hit the mainstream news rounds when the stock rose literally from pennies to about $12 in stock price. Since then, the stock has fallen back down over 80%. The run up was a bit of bad money chasing overblown momentum, but the fundamentals surrounding the firm did drastically change for the better. That’s simply a fact. All of a sudden the company is signing multi-million dollar contracts and to date, those contracts have (for the most part) come in.
On the other hand, the company has never turned a profit or positive free cash flow and it is sustaining operations with a rather sizeable stock selling program. But, love it or hate it, PLUG has seen revenue (TTM) rise over both one- and two-years by 164.55% and 174.46%, respectively. Revenue in the most recent trailing-twelve-months is $68 million. Last year PLUG stated $26 million and two-years ago annual revenue was $25.
The average estimate for next quarter’s revenue of $19.7 million is well above last quarter’s $9.4 million. In English, revenue is busting at the seams. It’s everything else that’s the problem.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.
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