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Stock Market & Financial Investment News

News For AMZN;EBAY;BBY;SCOR From The Last 14 Days
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July 2, 2015
18:24 EDTAMZNAmazon leads $60M investment round for BankBazaar
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16:28 EDTEBAYOn The Fly: Top stock stories for Thursday
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16:04 EDTEBAYOptions Update; July 2, 2015
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13:09 EDTEBAYOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory but have moved into negative ground in early afternoon trading. The nonfarm payrolls report showed that job growth slowed in June and the unemployment rate ticked down as many left the labor force. The news flow is expected to slow with investors preparing for the Independence Day weekend and the trading has been listless as is typical in the trading session prior to a long leave. However, U.S. investors will be returning to big news, either positive or negative, on Monday following the Greek referendum that is scheduled to occur on July 5. ECONOMIC EVENTS: In the U.S., the monthly nonfarm payrolls report showed the addition of 223,000 jobs, versus expectations for 233,000 jobs to have been added last month. The unemployment rate fell to 5.3% from the prior month’s 5.5% rate. Initial jobless claims rose 10,000 to 281,000 in the week ended June 27, versus expectations for 270,000 first-time claims. Factory orders fell 1.0% in May, which was larger than the expected 0.5% decline. In Europe, Greek finance minister Yanis Varoufakis said he would resign from his post if the nation's referendum on bailout terms results in a "Yes" vote. COMPANY NEWS: Shares of BP (BP) trading in New York rose more than 5% after the oil major announced it has reached agreements in principle to settle all U.S. federal and state claims arising from the Deepwater Horizon accident and spill in 2010. BP said it will pay up to $18.7B to settle the claims and that the expected impact of its agreements would be to increase the cumulative pre-tax charge associated with the accident and spill by around $10B from $43.8B at the end of the first quarter... Managed healthcare company Centene (CNC) announced a definitive agreement to acquire managed health care services rival Health Net (HNT) in a cash and stock deal valued at approximately $6.8B, including the assumption of approximately $500M of debt. Under the terms of the deal, Health Net shareholders would receive 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock, which is equal to implied consideration of $78.57 per share based on Centene’s closing stock price on July 1. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which was 1.5% higher in afternoon trading after the company announced this morning that President Renee James informed the board that she will be stepping down to pursue an external CEO role. Also higher was Xoom (XOOM), which gained 22% after eBay's (EBAY) soon-to-be split PayPal (PYPL) unit announced last night that it has agreed to acquire the digital money transfer provider for $25 per share in cash. Among the noteworthy losers was Western Union (WU), which slipped about 6% after Evercore ISI downgraded the stock to Hold and JMP Securities said that PayPal's deal for Xoom will negatively affect Western Union's prices over the longer term. Also lower were shares of Triple-S Management (GTS), which fell xxx% after Wells Fargo downgraded the stock to Underperform, the firm's equivalent to a "sell" rating, saying Puerto Rico's "crumbling" economy puts the company's earnings at risk. INDEXES: Near midday, the Dow was down 54.98, or 0.31%, to 17,702.93, the Nasdaq was down 20.30, or 0.4%, to 4,992.83, and the S&P 500 was down 5.11, or 0.25%, to 2,072.31.
08:57 EDTEBAYAnalysts split on impact to Western Union from PayPal deal
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08:17 EDTEBAYWestern Union has negative read through from Xoom deal, says JMP Securities
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07:51 EDTEBAYeBay deal positive, says Stifel
After eBay's (EBAY) PayPal agreed to buy Xoom (XOOM), Stifel says that the deal should reduce fraud at PayPal and Xoom, and accelerate Xoom's growth. The firm expects the deal to close successfully. It raised its price target on Xoom to $25 from $23 and keeps a Buy rating on the shares.
06:51 EDTEBAYXoom downgraded to Neutral from Outperform at Baird
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06:00 EDTEBAYWells sees minimal impact to peers from Xoom buyout
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05:49 EDTEBAYCompetitive bid for Xoom is possible, says SunTrust
SunTrust analyst Andrew Jeffrey believes eBay (EBAY) unit PayPal's acquisition agreement with Xoom (XOOM) could invite a competitive bid. In a note to investors last night titled "Steal Of The Century," Jeffrey writes Xoom's "one-of-a-kind cross-border remittance franchise and market-leading ACH risk management technology" could bring other suitors. At $890M or $25 per share, PayPal is paying a compelling price, the analyst argues. He sees Xoom's takeover as potentially threatening to Western Union’s (WU) business. Jeffrey has a Buy rating on Xoom with a $29 price target. Following the company's merger agreement with PayPal, the shares traded up $4.40 to $25.10 last night in after-hours trading. PayPal is looking to acquire Xoom ahead of its planned separation from eBay.
July 1, 2015
17:39 EDTEBAYXoom up 7% after Paypal acquires company for $25 per share
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17:37 EDTEBAYXoom acquisition to be slightly dilutive to PayPal’s FY16 EPS
Due to anticipated one-time integration costs, the completion of the Xoom (XOOM) transaction is expected to be slightly dilutive to PayPal’s non-GAAP EPS for FY16. PayPal intends to fund the transaction with cash on its balance sheet. Upon closing of the acquisition, Xoom will operate as a separate service within PayPal. The acquisition is expected to close in Q4, subject to customary closing conditions, including Xoom stockholder approval, the expiration or early termination of the applicable pre-merger waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of certain consents relating to Xoom’s money transmitter licenses. Holders of approximately 18% of Xoom's outstanding shares, including all executive officers and directors of Xoom and certain entities affiliated with Sequoia Capital, have entered into voting and support agreements with PayPal pursuant to which they have agreed to vote in favor of the transaction. eBay (EBAY) is PayPal’s parent company.
17:34 EDTEBAYPayPal to acquire Xoom for $25 per share
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16:42 EDTAMZNAmazon exec says not focused on entering luxury fashion market, BofF reports
In an interview with Business of Fashion, Amazon Fashion's Chief Marketing Officer Jennie Perry remarked, "There has been lot of speculation on us entering the luxury market and that is just not something that we’re focused on right now. What we are focused on is developing an experience for our large customer base." However, Perry also remarked that "we’re in [fashion] for the long haul. We’re really invested in this industry." Reference Link
08:50 EDTAMZNChannelAdvisor helps customers expand international reach with Amazon Mexico
ChannelAdvisor announced it is helping its customers expand their international reach through its support of Amazon Mexico that just launched its physical goods store and marketplace on June 30. With products in categories such as consumer electronics, home and garden, sports, health and personal care, home improvement and more, Amazon Mexico offers retailers and branded manufacturers a comprehensive site to sell into Mexico. Retailers can ship Amazon Mexico orders from their own distribution center or use Fulfillment by Amazon. Retailers and branded manufacturers using FBA for Amazon Mexico orders are required to import their products to an Amazon Fulfillment Center located in Mexico for storage and local fulfillment. When using FBA, Amazon will provide 24-hour, local language customer support on behalf of the retailer.
08:38 EDTAMZNKnowles outlook has improved, says JMP Securities
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06:23 EDTAMZNTwitch’s E3 coverage attracted more than 21M viewers
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05:54 EDTAMZNStagnant tablet demand to continue in 2H15, DigiTimes reports
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June 30, 2015
10:38 EDTEBAYWells Fargo upbeat on core eBay, Bernstein bullish on PayPal
Wells Fargo issued an upbeat note on the outlook for eBay's (EBAY) core business, while another research firm, Bernstein, was bullish on the company's soon to be spun off PayPal (PYPL) unit. eBay has said that it will spin off its PayPal online payments unit through a distribution to eBay shareholders on July 17. CORE EBAY: The shares of core eBay are likely to offer a "unique value opportunity" following the spin-off, as many growth investors will probably sell their shares in eBay creating "an interesting entry point." Wells Fargo stated. eBay's business model is "arguably better" than that of most retailers, as it has no inventory risk, better margins, and more efficient capital deployments than most other companies in the sector, Wells believes. Numerous initiatives that the company is undertaking, including structured data and a simplified listing process, could enable eBay to beat expectations going forward, Wells contended. Additionally, there is little risk to fiscal 2016 estimates for eBay, since its guidance does not factor in any improvement in its business, the firm believes. Noting that "when issued" shares of eBay and PayPal are slated to start trading on July 9, Wells says that eBay's shares would provide "exceptional value" if they trade anywhere near the current $20 per share implied value of core eBay. At $25, the shares would still provide "excellent value," the firm added. PAYPAL: The growth of Internet payments is in its infancy and has "vast untapped potential," according to Bernstein analyst Carlos Kirjner. PayPal's total payments volume should have a compound annual growth rate of over 20% in the next three years, helping its revenue to jump by a CAGR of at least 17% over the period, the analyst stated. Since PayPal's position in mobile is strong, competing services from Apple (AAPL) and Google (GOOG) will, at most, create a small headwind to PayPal's growth over the next three years, Kirjner contended. Moreover, PayPal has room to cut its costs, enabling its margins to expand and its earnings to grow faster than its revenue over the longer term, the analyst stated. He values PayPal at $43 per eBay share. PRICE ACTION: In early trading, eBay added 0.7% to $59.77.
09:07 EDTAMZNAmazon launching Selling on Amazon, Fulfillment by Amazon for firms in Mexico
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09:02 EDTAMZNAmazon announces expansion in Mexico
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07:51 EDTEBAYeBay PayPal outlook positive, says Bernstein
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07:23 EDTEBAYCore eBay will provide 'unique value opportunity,' says Wells Fargo
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06:24 EDTAMZNAmazon expanding Prime Now to London, TechCrunch reports
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05:33 EDTAMZNAmazon Web Services to open infrastructure region in India
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June 29, 2015
10:55 EDTAMZNAmazon expands lending program to sellers in eight more countries, Reuters says
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09:38 EDTAMZNAmazon same day SKUs up about 70% from last year, says Piper Jaffray
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09:35 EDTEBAYActive equity options trading on open
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07:30 EDTEBAYeBay price target raised to $64 from $60 at JPMorgan
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June 28, 2015
12:47 EDTAMZNTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 26, 2015
16:26 EDTEBAYeBay board approves completion of eBay, PayPal separation
eBay (EBAY) announced that its board of directors has approved the completion of the previously announced separation of eBay and PayPal into independent publicly traded companies. The separation will occur through a pro rata distribution of all of the stock of eBay’s subsidiary PayPal Holdings (PYPL) to eBay stockholders. The distribution remains subject to satisfaction of the conditions described in the preliminary information statement filed with the Form 10, including, but not limited to, obtaining all necessary regulatory approvals, including that of the European Central Bank. In the distribution, eBay stockholders will receive one share of PayPal common stock for each share of eBay common stock held as of the close of business on July 8, the record date for the distribution. Subject to the satisfaction of the conditions to the distribution, the distribution of PayPal common stock is expected to occur on July 17. PayPal will not issue fractional shares of its common stock in the distribution. Immediately following the distribution, PayPal will be an independent, publicly traded company and will be listed on the NASDAQ Stock Market under the ticker “PYPL.” eBay will continue to trade on the NASDAQ Stock Market under the ticker “EBAY.” Beginning on or about July 6, and continuing up to and through the distribution date, it is expected that there will be two markets in eBay common stock. Shares that trade in the “regular-way” market will be entitled to shares of PayPal common stock distributed pursuant to the distribution; shares that trade in the “ex-distribution” market will trade without an entitlement to shares of PayPal common stock distributed pursuant to the distribution. Shares of eBay in the “ex-distribution” market will trade under the symbol EBAY.wi. PayPal anticipates that “when-issued” trading will begin on or about July 6, and will continue up to and through the distribution date. Shares of PayPal in the “when-issued” market will trade under the symbol PYPL.wi. “Regular-way” trading in PayPal’s common stock is expected to begin on July 20, the first trading day following the completion of the separation.
14:38 EDTEBAYeBay slips lower following downgrade
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14:37 EDTEBAYBGC Financial downgrades eBay to Hold, says PayPal split baked in
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14:31 EDTEBAYeBay downgraded to Hold from Buy at BGC Financial
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11:00 EDTAMZNOptions with increasing implied volatility
Options with increasing implied volatility: SRPT AGO CRC WMB AMZN CMG TRIP ZTS AET MBI
10:00 EDTEBAY, AMZNOn The Fly: Analyst Initiation Summary
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08:24 EDTAMZNEtsy price target lowered to $9 from $13 at Wedbush
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06:17 EDTAMZNConcerns over AWS pricing overblown, says Piper Jaffray
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June 25, 2015
18:32 EDTAMZNAmazon establishes $100M fund for voice technology
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16:49 EDTEBAYeBay initiated with a Neutral at Mizuho
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16:49 EDTAMZNAmazon.com initiated with a Buy at Mizuho
Target $498.
12:59 EDTAMZNOptions with increasing implied volatility
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10:00 EDTAMZNOn The Fly: Analyst Downgrade Summary
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09:34 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
09:04 EDTAMZNAmazon opens Alexa Voice Service to third party hardware makers
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07:28 EDTEBAYeBay Marketplace business could be attractive value play, says Baird
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06:25 EDTAMZNAmazon.com downgraded to Hold from Buy at Evercore ISI
Evercore downgraded Amazon.com to Hold and maintained its $460 price target. The firm downgraded shares due to valuation and growing capital investment through leasing activity. Evercore ISI said increased capital leasing activity has grown to over 50% of capital investment in Q1 2015 from 33% in Q1 2013, making modeling free-cash-flow upside more difficult.
June 24, 2015
16:00 EDTEBAYActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:16 EDTAMZNOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
09:19 EDTAMZNAmazon price target raised to $500 from $460 at Axiom
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09:02 EDTAMZNAmazon says HDR now available on Instant Video for Prime members
Amazon announced that Prime members in the US can instantly watch the debut season of the Amazon Original Series, Mozart in the Jungle in high dynamic range, or HDR, at no additional cost to their membership, marking the first video service to offer HDR
07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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06:00 EDTAMZNGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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05:49 EDTAMZNStocks with implied volatility movement; AMZN LNG
Stocks with implied volatility movement; Amazon.com (AMZN) 34, Cheniere Energy (LNG) 35 according to iVolatility.
June 23, 2015
18:04 EDTEBAY, AMZNWal-Mart poaches technology talent from eBay, WSJ says
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16:00 EDTAMZNOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
14:57 EDTAMZNAmazon.com to remove Confederate flag merchandise from site, Reuters says
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14:53 EDTEBAYeBay bans Confederate flags listings, Reuters reports
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14:42 EDTAMZNAmazon.com to remove Confederate flag merchandise from site, Reuters says
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11:00 EDTAMZNOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
09:01 EDTAMZNAmazon.com says Amazon Echo now available to all customers
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08:20 EDTAMZNCLSA IT outsourcing analyst holds an analyst/industry conference call
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07:46 EDTAMZNPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
06:04 EDTAMZNOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTAMZNStocks with implied volatility movement; AMZN AMBA
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June 22, 2015
17:43 EDTAMZNAmazon to pay independent authors by number of pages read, Reuters says
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06:23 EDTAMZNAmazon updates customer reviews system with machine learning, CNet says
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