Roku (ROKU) Makes Highs on Bullish JPMorgan Initiation

Roku, Inc. (YEAR) shares rose more than 7% during Tuesday’s session after JPMorgan hedged the stock at Overweight with a $475 target price. Key points to remember Shares of Roku rose sharply after JPMorgan hedged the stock at Overweight with a price target of $475, a 16.3% premium to Friday’s close. Analyst Cory Carpenter believes…

Material Weakness Definition

What is material weakness? A material weakness occurs when one or more of the internal controls— the activities, rules and processes designed to prevent material misstatements in the financial statements and improve the efficiency of operations — are ineffective. If a deficiency in internal control is a material weakness, it could result in a material…

How Amgen Makes Billions On Just A Few Drugs

As unpleasant as chemotherapy is, infections can make it even worse. As the “old saying” goes, if you can reduce the risk of sepsis in cancer patients, the world will be heading your way. Amgen Inc. (AMGN), an American multinational biopharmaceutical company, has achieved precisely this goal and extended hundreds of thousands of lives in…

Socionomics Definition

What is socionomy? Socionomy is the study of social mood and its influence on social attitudes and actions. Specifically, he seeks to understand how social mood regulates the overall tenor and character of social behavior in areas such as politics, pop culture, financial markets, and economics. Socionomic theory proposes that leaders and their policies are…

Ordinary Loss Definition

What is an ordinary loss? An ordinary loss is a loss realized by a taxpayer when expenses exceed income in normal business operations. Ordinary losses are losses incurred by a taxpayer that are not capital losses. An ordinary loss is fully deductible to offset income, thereby reducing the tax owed by a taxpayer. Understanding Ordinary…

Inter-Dealer Broker (IDB) Definition

What is an Inter-Dealer Broker (IDB)? An Inter-Dealer Broker (IDB) is a specialized broker financial intermediary which facilitates transactions between investment banks, brokers, and other major financial institutions. IDBs work with large blocks of securities when trading volume is low or when clients seek anonymity on their orders. The inter-dealer broker often focuses on transactions…

LIBOR Alternatives

The London Interbank Offered Rate, better known as the LIBOR, was once the most important benchmark interest rate for pricing overnight and short-term loans that banks make to each other. This reference rate served as the basis for other types of loans made by financial institutions, including mortgages, car loans and financial products like credit…