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Stock Market & Financial Investment News

News For AMZN;EBAY;BBY;SCOR From The Last 14 Days
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September 24, 2014
19:06 EDTAMZNAmazon starts conversation with smart home developers, Forbes says
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17:19 EDTAMZNAmazon's head of digital music and video to leave, WSJ says
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16:57 EDTAMZNAuthors group to ask DoJ to investigate Amazon, WSJ says
An authors group called Authors United, that is protesting the contract negotiations between Amazon and book publisher Hachette Book Group, is planning to ask the Justice Department to investigate Amazon's business practices, says the Wall Street Journal. Reference Link
16:01 EDTAMZNOptions Update; September 24, 2014
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11:00 EDTAMZNBed Bath & Beyond climbs after Q2 earnings beat expectations
Shares of home decor retailer Bed Bath & Beyond (BBBY) are rising after the company's second quarter earnings per share and revenue surpassed analysts' consensus estimates. WHAT'S NEW: Bed Bath & Beyond's Q2 EPS was $1.17, which was 3c higher than analysts' consensus. The company's Q2 revenue of $2.95B topped analysts' consensus of $2.89B. Same-store-sales for the quarter were up approximately 3.4%. The retailer sees Q3 EPS in the range of $1.17-$1.21, compared with analysts' consensus view of $1.20. Bed Bath & Beyond expects fiscal year 2014 EPS to be between $5.00-$5.08, compared to analysts' view of $5.03. WHAT'S NOTABLE: During the company's conference call, Bed Bath & Beyond said that it was investing "significantly" in its business. It expects FY14 capital expenditures of approximately $350M. The retailer is opening a new distribution facility and is working on a new point of sale system. Bed Bath & Beyond said it is "cautiously optimistic" on its balance for the rest of the year. Next quarter, the company is expecting SSS growth of 2%-3%, and for Q4 it foresees 4%-5% of same-store growth. ANALYST REACTION: Yesterday morning, prior to the release of Bed Bath and Beyond's Q2 earnings report, William Blair analyst Daniel Hofkin downgraded the stock to Market Perform from Outperform. Hofkin cited his continued worries regarding the retailer's above-average exposure to e-commerce competitors. He feels that Bed Bath & Beyond waited too long before developing a strong multichannel platform and that competition from other e-commerce rivals will continue accumulating. He noted that while the company's price premium relative to Amazon (AMZN) has gotten smaller in the past few years, it still is material. Today, UBS analyst Michael Lasser raised his price target on the stock to $68 from $62 after Bed Bath & Beyond reported sales that surpassed expectations. Still, he felt that the good sales numbers occurred at the expense of its margin. He expects the retailer's operating margin decrease to impact the company's PE multiple. Lasser believes that the retailer's Q3 and Q4 comp outlook could be "aggressive," but he noted that he won't have much of an idea about those numbers until early January. He keeps a Neutral rating on the stock. OTHERS TO WATCH: Other companies in the home furnishings space include Williams Sonoma (WSM), Pier 1 Imports (PIR) and Restoration Hardware (RH). PRICE ACTION: During morning trading, Bed Bath & Beyond rose $3.99, or 6.4%, to $66.68.
10:03 EDTBBYBest Buy confirms exclusive tech accessories from fashion designers
Best Buy confirmed that it will introduce exclusive tech accessories from fashion designers Nanette Lepore, Anna Sui, and Isaac Mizrahi. All will reflect and be inspired by the designersí current collections and will be available only at Best Buy. All three collections will debut Sunday, Oct. 5 at BestBuy.com and in Best Buy stores.
09:42 EDTAMZNAmazon expands Twitter deal with #AmazonWishList
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09:06 EDTAMZNInvenSense shares should be bought on weakness, says Roth Capital
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08:11 EDTBBYBest Buy hope designer accessories will bring more women to stores, Re/code says
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07:46 EDTAMZNAmazon suffered global outage late Tuesday, CNET reports
Amazon customer service agents confirmed to CNET that the company experienced a worldwide outage late Tuesday that made it difficult for some customers to place orders. One agent attributed the problems to servers being down, while another said the issues were because Amazon was upgrading its site, according to CNET. Reference Link
07:28 EDTAMZNAmazon expanding hardware unit, working on smart home devices, Reuters says
Amazon.com (AMZN) plans to boost its full-time payroll at Lab126, the hardware unit that developed the Kindle and other consumer electronics devices, by at least 27% over the next five years, reported Reuters, citing a government document and people familiar with the matter. The expansion comes as Amazon tests connected-home devices that could compete with those available from or being developed by Google (GOOG) and Apple (AAPL), two people familiar with the Lab's activities said, Reuters noted. Reference Link
07:21 EDTAMZNAmazon ignores unions in Germany despite strikes, WSJ says
Even though Germany's Verdi labor union has been launching a series of strikes to get management's attention at Amazon, the union is being ignored by the online retailer, according to The Wall Street Journal, citing comments from the company's general manager at a warehouse in the central German town of Bad Hersfeld Robert Marhan. Marhan said, "From my point of view, Verdi and Amazon don't go together."
September 23, 2014
16:00 EDTAMZNOptions Update; September 23, 2014
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13:22 EDTEBAYBitPay, PayPal announce bitcoin integration
BitPay announced a relationship with PayPal to further expand the adoption of bitcoin. The first joint project is an integration with PayPalís Payments Hub, which is PayPalís alternative payment platform for digital goods. The integration with PayPalís Payments Hub is now completed and ready for merchants in North America to enable. Merchants using Payments Hub can create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks, and other digital content.
09:36 EDTAMZNAmazon.com estimates lowered on weaker trends at ITG Research
ITG Research lowered Amazon.com estimates due to weaker August trends. The firm lowered its Q3 revenue estimate to $20.78B from $20.99B, in-line with consensus of $20.86B.
09:17 EDTAMZNAmazon employees in Germany lengthen demonstrations, WSJ says
Labor union Verdi said that employees throughout five Amazon facilities in Germany are planning to lengthen demonstrations through tomorrow in an effort to up pressure on management in an on-going wage disagreement, according to The Wall Street Journal, citing comments from Verdi's representative for the company's Leipzig site Thomas Schneider. Reference Link
05:54 EDTAMZNStocks with implied volatility movement; NFLX AMZN
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September 22, 2014
16:00 EDTAMZNOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
09:38 EDTAMZNActive equity options trading on open
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09:15 EDTAMZNAmazon's Iain Kennedy leaves company for Microsoft, Re/code reports
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