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Stock Market & Financial Investment News

News For AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN From The Last 14 Days
Check below for free stories on AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN the last two weeks.
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August 27, 2014
06:36 EDTFB, TGTNordstrom, Target launching Instagram platform, CNBC says
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06:07 EDTFBFacebook downgraded to Neutral from Buy at Janney Capital
Janney Capital downgraded Facebook to Neutral based on valuation and sees headwinds in 2015 from a deceleration in top-line growth, engagement, and monthly active users. Price target remains $82.50.
06:04 EDTFBSnapchat's valuation hits $10B, WSJ reports
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05:54 EDTFBFacebook says did not acquire WaveGroup Sound, VentureBeat reports
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August 26, 2014
19:53 EDTAAPLApple may introduce a thinner, lighter MacBook as early as Q4, Digitimes says
16:02 EDTAAPLOptions Update; August 26, 2014
iPath S&P 500 VIX Short-Term Futures up 27c to 27.69. Option volume leaders: AAPL TSLA TWTR AMZN GILD JNS NFLX according to Track Data.
15:36 EDTEXPRNotable companies reporting before tomorrow's open
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14:59 EDTAAPLApple readying larger iPad for 2015 launch, Bloomberg says
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14:24 EDTAAPLL.A. school district halts $1B Apple iPad contract, LA Times reports
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13:48 EDTAAPLApple granted patent on flexible screen technology, AppleInsider says
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12:22 EDTRSHStandard General to explore rescue funds for RadioShack, Bloomberg reports
According to two people familiar with the situation, Standard General, one of RadioShack’s biggest shareholders, is negotiating a potential rescue package with investors which would allow the retailer to fend off a bankruptcy filing, Bloomberg reports. Reference Link
12:02 EDTRSHStandard General to explore rescue funds for RadioShack, Bloomberg says
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11:55 EDTFBInstagram announces Hyperlapse from Instagram app
Instagram announced on its blog Hyperlapse from Instagram, "a new app to capture high-quality time lapse videos even while in motion. Traditionally, time lapse videos depend on holding your phone or camera still while you film. Hyperlapse from Instagram features built-in stabilization technology that lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment." Reference Link
11:09 EDTRSHBest Buy shares decline as Best Buy reports Q2 sales drop
Shares of multi-channel Best Buy (BBY) are retreating after the firm reported that sales declines continued through the second quarter. WHAT'S NEW: Best Buy's Q2 earnings per share from continuing operations was 44c, exceeding analysts' consensus estimates of 31c. The company's Q2 revenue was $8.9B, which was slightly lower than analysts' $8.99B consensus. Same-store-sales for the quarter declined 2.7%, which is better than the overall industry sales decline of 2.5% as reported by NPD. Best Buy Chief Executive Officer Hubert Joly noted that traffic to the company's brick and mortar stores continued to decline as consumers research and buy online. Joly noted that in-store conversion and online traffic continued to increase during the quarter. Joly said that in the back half of the year, the retailer plans to intensify its investments in customer-facing initiatives. Chief Financial Officer and Chief Administrative Officer Sharon McCollam reiterated that industry-wide sales are continuing to decline in many of the consumer electronics cateogries in which it competes, and said the retailer is seeing "ongoing softness" in the mobile phone category ahead of new product launches. She forecast SSS down in the low single digits for both the third and fourth quarters and sees Q3 and Q4 operating income in line with the first half of the year. For the back half of the year, McCollam sees continued industry softness and higher promotionality in Canada and China. WHAT'S NOTABLE: During the company's conference call, Best Buy said that it is "encouraged" by the response to 4K televisions and aims to expand its holiday gift centers within stores. The company's CFO McCollam said that the firm's mobile phone category is "complicated to forecast." She feels that the disruption of carriers "could have impact" that the technology retailer did not anticipate. McCollam said that despite great excitement for some high-profile phone launches, there is still a great deal of competition in the lower-end of the phone market. In terms of the start of the upcoming quarter, Best Buy feels that the beginning has been "in-line" with expectations. ANALYST OPINION: ISI analyst Greg Melich feels that Best Buy's Q2 EPS beat was due to a slightly less dramatic decrease in gross margins and improved cost controls. He feels that the market is likely to pay close attention to continued sales decreases when predicting the rest of the year despite the better than anticipated quarterly EPS results. Melich said that he will keep an eye out for positive signs that Q4 will experience an improvement given the highly promotional and competitive landscape last year. The analyst keeps the stock with a neutral rating and a $31.99 price target. PRICE ACTION: In morning trading, Best Buy fell $1.59, or 4.97%, to $30.40. OTHERS TO WATCH: Best Buy peers include RadioShack (RSH) and hhgregg (HGG).
10:15 EDTAAPLApple volatility low as shares near record high into iPhone 6 cycle
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09:35 EDTAAPL, FBActive equity options trading on open
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07:20 EDTAAPLTablets seen declining, notebooks growing in 2014, DigiTimes says
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August 25, 2014
16:00 EDTAAPLOptions Update; August 25, 2014
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13:06 EDTFBWhatsApp grows to 600M monthly active users
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11:35 EDTAAPLAlphaOne's Dan Niles says larger screened iPhone should help upgrade cycle
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