Diamonds and Dogs
Mobileye (MBLY) is in the driver's seat. Mobileye is up 28% after Intel agreed to take over the company for $15 billion. Mobileye is the tech sector's largest pure bet on driverless cars, and one that gives the chip maker a good chance at leapfrogging the competition for a world with no driver. There are no industry standards for relatively nascent driverless-car technology. One analyst believes Intel bought itself into the global leading position in advanced driver assistance systems.
GameStop (GME) going lower. The brick and mortar video game retailer is down 3.5% not far from a 52 week low after the analyst at Telsey Advisory Group lowered his rating and price target $27 a share. The bull case for GameStop has not played out with holiday sales much weaker than anticipated. 2017 is setting up to be similar to 2016, nothing to write home about.
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