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Stock Market & Financial Investment News

News For AAPL;SSNLF;GOOG From The Last 14 Days
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February 2, 2016
06:51 EDTGOOGAlphabet price target raised to $924 from $890 at Citi
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06:49 EDTGOOGAlphabet price target raised to $900 from $800 at Barclays
Barclays analyst Paul Vogel said Alphabet's (GOOGL) revenues continue to accelerate and margins are moving higher as well. The analyst said shares remain inexpensive and raised his price target to $900 as he rolled forward valuation multiple to 2017 estimates and maintained his Overweight rating.
06:48 EDTSSNLF, AAPLTablet market continued to decline in Q4, VentureBeat says
The tablet market continues to see a decline, with 4Q15 representing the fifth straight quarter to see a year-over-year decrease in shipments, VentureBeat reports, citing market research firm IDC. 65.9M tablet units shipped in Q4, a decline of 13.7% from 76.4M units in the same period last year, the report says. Shipments for FY15 were down 10.1% year over year to 206.8M, the report says. In Q4, top five vendors Apple (AAPL), Samsung (SSNLF), Amazon (AMZN), Lenovo (LNVGY), and Huawei accounted for 54.2% of the market, up from 51% last year, though only Amazon and Huawei grew their own market share year over year, the report says. Reference Link
06:42 EDTGOOGAlphabet price target raised to $1,080 from $900 at Deutsche Bank
Deutsche Bank analyst Ross Sandler raised his price target for Google parent Alphabet after saying the company's Q4 results "left little confusion" around the strength of the core franchise. The analyst calls the core search business a "scare undervalued asset" and thinks Alphabet shares will move over $1,000. The stock remains Sandler's top pick.
06:24 EDTGOOGOptions expected to be active
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05:56 EDTGOOGAlphabet price target raised to $911 from $812 at Piper Jaffray
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February 1, 2016
20:17 EDTGOOGAlphabet highlights momentum in YouTube, consumer shifts towards mobile
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19:15 EDTAAPL, GOOGAlphabet overtakes Apple as most valuable public company
Shares of Alphabet (GOOG, GOOGL) surged after the company reported fourth quarter results Monday, with after-hours stock prices signaling it has overtaken Apple (AAPL) as the world's most valuable publicly traded company. WHAT'S NEW: Alphabet reported Q4 EPS of $8.67, above analyst expectations of $8.10, and Q4 revenue of $21.33B, above consensus estimates of $20.77B. WHAT'S NOTABLE: Alphabet reported that Google's aggregate paid clicks were up 31% in Q4, while paid clicks on Google Network Members' websites were up 2%, aggregate cost-per-click was down 13%, cost-per-click on Google websites was down 16%, and cost-per-click on Google Network Members' websites was down 8%. PRICE ACTION: Alphabet's Class A shares under ticker symbol GOOGL are up 4.65% to $806.61 while its ordinary shares under symbol GOOG are up 5.25% to $791.50 in after-hours trading. Shares of Apple, meanwhile, are down fractionally to $96.18. According to CNBC, those after-hours levels, though not yet indicating real world value, represent a market capitalization of roughly $570B for Alphabet, surpassing Apple's market cap of $535B.
19:09 EDTGOOGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alphabet (GOOG, GOOGL), up 5.2% and 4.7%, respectively... Mattel (MAT), up 5.6%... Anadarko Petroleum (APC), up 4%... AFLAC (AFL), up 1.5%. ALSO HIGHER: PVH Corp. (PVH), up 8.1% after giving guidance for fiscal 2015 and entering a license agreement with G-III Apparel (GIII) for Tommy Hilfiger womenswear collections. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 15.8%... Rent-A-Center (RCII), down 9.6%. ALSO LOWER: Pixelworks (PXLW), down 5.7% after giving fourth quarter guidance and announcing the resignation of its CEO... PDL BioPharma (PDLI), down 14.3% after cutting its quarterly dividend to 5c per share from 15c per share.
16:59 EDTAAPL, GOOG, SSNLFGoogle plans more control over Nexus phone in bid for high-end, Information says
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16:09 EDTGOOGAlphabet share repurchase program has $3.7B remaining
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16:08 EDTGOOGAlphabet CFO says 'strong' Q4 revenue growth driven by mobile, YouTube
Ruth Porat, CFO of Alphabet said: "Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we've been investing for many years. We're excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people."
16:07 EDTGOOGAlphabet reports Google segment operating income $23.43B in FY15
Reports Google segment revenues of $74.54B and operating income of $23.43B for the twelve months ended December 31, 2015. For "Other Bets," reports FY15 revenues of $448M and operating loss of $3.57B.
16:04 EDTGOOGAlphabet reports Google aggregate paid clicks up 31% in Q4
Alphabet reports Google aggregate paid clicks up 31%, Paid clicks on Google websites up 40%, Paid clicks on Google Network Members' websites up 2%, Aggregate cost-per-click down 13%, Cost-per-click on Google websites down 16%, and Cost-per-click on Google Network Members' websites down 8%.
16:02 EDTGOOGAlphabet Class A shares up $54.62 to $825 following Q4 earnings
16:02 EDTGOOGAlphabet reports Q4 EPS $8.67, consensus $8.10
Reports Q4 revenue $21.33B, consensus $20.77B.
16:01 EDTAAPL, GOOGOptions Update; February 1, 2016
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15:14 EDTGOOGVIX methodology for Google VXGOG up 7% to 39.64 into Q4 and outlook
14:32 EDTGOOGNotable companies reporting after market close
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13:42 EDTGOOGEarnings Watch: Alphabet to report Q4 results under new corporate structure
Alphabet (GOOG, GOOGL) is expected to report fourth quarter earnings after the market close on Monday, February 1 with a conference call scheduled for 4:30 pm ET. Alphabet is a multinational conglomerate that serves as the parent company of Google, Calico, GV, Google Capital, and Nest Labs. EXPECTATIONS: Analysts are looking for earnings per share of $8.09 on revenue of $20.77B. The consensus range is $7.32-$8.59 for EPS, and $20.33B-$21.68B for revenue, according to First Call. LAST QUARTER: Alphabet reported third quarter EPS of $7.35 against estimates of $7.21, on revenue of $18.7B against estimates of $18.53B. Google reported Q3 aggregate paid clicks up 23%, paid clicks on Google websites down 5%, aggregate cost-per-clicks down 11%, and cost-per-click on Google websites down 4%. The company also reported Q3 Sites revenue up 16% to $13.08B and Q3 Total advertising revenue up 13% to $26.78B. During its Q3 earnings report, the company said it will begin to disclose the Google business as a single segment in Q4. It also announced that the board authorized the company to repurchase $5.1B of Class C shares in Q4. GOOGLE SEGMENT: Alphabet announced that it will report Google as a single segment within its company beginning in Q4. It stated, "The new operating structure is being introduced in phases. For financial reporting purposes, we expect the reorganization will result in disclosing our Google business as a single segment and all other Alphabet businesses combined as Other Bets beginning in the fourth quarter of 2015." Within Alphabet, the Google segment now has 6 products with over 1B users, including Search, Maps, YouTube, Chrome, Android and Google Play. Gmail is also closing in on the mark with its 900M user base. RBC Capital believes that the disclosure of segment results by Google in conjunction with its Q4 results will cause the stock to rerate. The firm believes that the segment results will highlight the high profits of core Google, supporting an increase in the stocks' sum of the parts valuation. NEWS AND STREET RESEARCH: In the past quarter, Alphabet had a strong holiday season with ChannelAdvisor reporting Google Shopping was up 31.7% over the entire holiday period. Specifically, Google Shopping was up 35.9% on Thanksgiving, up 40.3% on Black Friday, up 25.7% on Cyber Saturday, and up 18.6% on Cyber Monday. Alphabet announced the redesigned launch of Google+ in November, the exploration of Fiber in Chicago and Los Angeles, and announced plans to open its first retail store in New York City. The company also targets the China launch of the Google Play app store in 2016, according to multiple reports. Lenovo (LNVGY) CEO Chen Xudong confirmed that Google Play is expected to come to China at some point this year. The company is expected to make its self-driving car company under the Alphabet structure as a stand-alone business. Ford (F) and Google are in discussions over self-driving cars, with the currently negotiated contract likely to "last a long time." According to a Reuters report, Google expects fewer software failiures in self-driving cars as it learns from its mistakes. Google tested solar-powered Internet drones and expects consumer package delivery via drone to begin in 2017. Google is also in talks with the NFL for streaming rights for London games next year. STREET RESEARCH: Oppenheimer said cloud providers like Alphabet may have a huge opportunity in the coming years. The firm said Alphabet may look for a major partner like Salesforce (CRM) to drive its cloud business. Cantor said Google ad revenue growth should continue to be strong and BMO Capital said Alphabet's outlook has improved as valuation has become more reasonable. Bernstein said the Street continues to underestimate the resilience and growth potential of Alphabet's search ad business and YouTube. Barron's, in particular, was extremely positive on YouTube, saying its revenue per viewer could potentially double in five years. It added it could be twice as valuable as Netflix (NFLX). JMP Securities was also bullish on the company, saying Alphabet benefitted from a relatively strong holiday season for online advertising. Ahead of its Q4 earnings report, JMP Securities expects the company to report "relatively strong" results. PRICE ACTION: Google shares have gained about 6% over the last three months. In Monday afternoon trading ahead of the Q4 report, Google shares are up almost 2%
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