Stephen Karmazyn, BA
Stephen Karmazyn is a writer for Profit Confidential, where he focuses on reporting breaking news in the technology and emerging industries.
Throughout his career as a journalist, Karmazyn has written on tech for a variety of publications, including The Financial Post, The Globe and Mail, and The Ottawa Business Journal. He served as the web editor for Techopia, a tech-centered newsblog focused on emerging start-up companies.
Get to know Stephen…
What first sparked your interest in tech?
Near the end of my undergrad, I spent some time interning at the Financial Post. My very first story was on Elon Musk’s SpaceX trying to land a used rocket on a floating drone-operated barge in the middle of a gulf. Besides being infinitely fascinating and an absolutely joy to write about, the story was my very first pitch and published piece. The next day Shopify went public and that absorbed the remainder of my time at FP.
What makes tech reporting different than other news?
Cutting-edge tech is having a profound effect on almost every aspect of our day-to-day lives, and tomorrow always brings something new to the table. Essentially, each article about tech acts as a potential preview for what life may look like in the near future.
What interests you about technology stocks?
Technology stocks are great to watch because the market determines in a very concrete way which devices will define our future. By following the emerging tech companies, you get to see in real time which innovations fly and which others will falter.
Trump Effect Is Hurting Google Stock Alphabet Inc (NASDAQ: GOOG) stock dropped two percent on Monday as many investors continue to worry about President-elect Donald Trump's effect on tech giant stocks, with one popular investor going as far as calling them "a bubble." Jeff Gundlach is not keen on Google…
Sour Tesla-Trump Relationship Could Hammer TSLA Stock Tesla Motors Inc (NASDAQ:TSLA) stock has taken an absolute beating since Donald Trump emerged victorious in the U.S. presidential election, with the stock dropping 8.5% since Trump's win on November 8. This is leading some to question whether the electric car company…
What's Driving SIRI Stock Up? Sirius XM Holdings Inc. (NASDAQ:SIRI) and SIRI stock rose 2.8%, hitting an all-time high as several analysts rated SIRI stock as a "hold" or a "buy." Sirius XM has jumped about 10% since the beginning of the year, and today's stock price marks the…
NVDA Stock Is on the Rise, Partly Thanks to Tesla NVIDIA Corporation's (NASDAQ:NVDA) stock jumped by almost 16% in after-hours trading following a report of 53.6% growth in quarterly revenue, which was aided by signing a deal with Tesla Motors Inc (NASDAQ:TSLA) to produce car chips. NVDA stock benefited from the company's…
ADBE Stock's Buyout Sends TUBE Stock through the Roof Adobe Systems Incorporated (NASDAQ:ADBE) announced its plans to acquire TubeMogul Inc (NASDAQ:TUBE), which drove TUBE stock wild with an 81% gain. The massive 81% gain followed the announcement of Adobe's acquisition of TubeMogul for $540.0 million net of debt and cash. TubeMogul…
Are Trump and Media Hurting Facebook Stock? Facebook Inc's (NASDAQ:FB) FB stock dropped 3.5% on Thursday, with some pointing to the election of Donald Trump as U.S. president as partly responsible for the drop in Facebook stock and many other consumer tech stocks. Facebook is one of many tech companies…
What's Pushing VRX Stock Back Up? Valeant Pharmaceuticals Intl Inc (TSE:VRX) sees VRX stock ride a roller coaster as the shares rise eight percent today despite falling 19% just a day before. This sudden rise hardly offsets the pounding that VRX stock has withstood for the past month, dropping 30%…
Why SPWR Stock Is Plunging Today SunPower Corporation (NASDAQ:SPWR) reported a poor third-quarter report, sending SPWR stock plunging by three percent in after-hours trading, after dropping 14% throughout the day. SunPower, the second-largest solar panel producer in the U.S., reported a loss of $40.5 million, or $0.29 a share, in…
Is Bitcoin Becoming the New Gold? Bitcoin (CURRENCY:BTC) prices received a 2.5% jolt on the day after Donald Trump's U.S. presidential victory, leading some to believe that the cryptocurrency will serve as insurance against the uncertainty of the new presidency. Bitcoin prices have been having a pretty stellar…
What to Do with Microsoft Stock and Other Tech Darlings? Microsoft Corporation (NASDAQ:MSFT) saw MSFT stock, like many other popular tech stocks, take a small hit on Wednesday following the election of Donald Trump as president of the United States of America. MSFT stock has otherwise celebrated a fairly prosperous…
What Does Tesla's Latest Purchase Mean for Tesla? Tesla Motors Inc (NASDAQ:TSLA) agreed to buy manufacturing-technology provider Grohmann Engineering GmbH as Tesla CEO Elon Musk attempts to ramp up Tesla's production sixfold by 2018. With the release of the "Model 3" fast approaching, it appears that Tesla is looking for…
What Gigafactory 2's Placement Means for Tesla Tesla Motors Inc (NASDAQ:TSLA) and Elon Musk announced plans to build the next "Gigafactory" somewhere in Europe, the same day they've laid out plans to acquire Grohmann Engineering GmbH to help build on their automated factories. While coverage about the Grohmann deal can be found…
Why is VRX Stock in Shambles Right Now Valeant Pharmaceuticals Intl Inc (NYSE:VRX) shares have plummeted. VRX stock dropped another 19% today, furthering what has already been a brutal 2016 for the company. There's a lot to unpack in the tale of VRX stock. First, the news. Valeant is…
Are GoPro Inc and GPRO Stock Done For? GoPro Inc (NASDAQ:GPRO) sees GPRO stock fall another 4.5% after already taking an 18% beating last week. This decline continues the rough trend where the stock has plunged 40% since the start of 2016. The most recent drop was pushed by a…
Has AAPL Stock Seen the End of iPhone Sales Growth? Apple Inc. (NASDAQ:AAPL) "iPhone" sales could be in for slowing growth rates, some analysts predict, despite CEO Tim Cook's claiming the contrary and strong AAPL stock performance. There's been some great headlines in the news recently for AAPL stock,…
What's Driving the PCLN Stock Boom? Priceline Group Inc (NASDAQ:PCLN) stock soared in after-market trading after beating analysts' profit estimates, despite also writing down the value of its "OpenTable" restaurant-booking service by $941.0 million. The write-down represents more than a third of the $2.6 billion that Priceline paid to acquire…
What's Driving FireEye's Resurgent Climb? FireEye Inc (NASDAQ:FEYE), the cloud-based security provider, continued to show strong gains at the start of this week, with FEYE stock rising another 11% after last week's 14% gain. Following last week's quarterly report in which FireEye Inc had a 12.6% jump in revenue…
How will U.S. Election Impact Dow Jones Industrial Average (DJIA) and S&P 500? With the U.S. presidential election drawing to a close, some stock market analysts are predicting bounce-backs in the event of a Hillary Clinton win, and market dives in the event of a Donald Trump presidency.…
Elon Musk Lays Out His Reasons Against Voting For Trump As the U.S. presidential election nears its merciful conclusion on Tuesday, Elon Musk came out against Republican candidate Donald Trump last Friday during an interview with CNBC. "I feel a bit stronger that [Trump] is not the right guy,"…
This Is What's Causing One Analyst to Warn Against Facebook Stock Facebook Inc (NASDAQ:FB) and FB stock investors face what may be a crossroads, as some analysts remain bullish on the stock while one analyst predicts a fall by as much as 30%. FB stock has had a solid…
From: Michael Lombardi, MBA