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Stock Market & Financial Investment News

News For AMZN;EBAY;BBY;WMT;TGT;SCOR From The Last 14 Days
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January 28, 2016
13:54 EDTAMZNAmazon.com January weekly 625 straddle priced for 8.1% movement into Q4
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13:10 EDTAMZNAmazon.com technical comments ahead of earnings
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12:22 EDTAMZNEarnings Watch: Amazon expected to report strong Q4 results after holiday season
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 28 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of $1.56 on revenue of $35.93B. The consensus range is 60c-$2.41 for EPS, and $35.11B-$36.75B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of 17c against estimates of (13c), on revenue of $25.4B against estimates of $24.91B. At that time, the company gave Q4 revenue guidance of $33.5B-$36.75B and Q4 operating income guidance of $80M-$1.28B, compared to $591M in the year-ago period. Amazon also reported Q3 Amazon Web Services revenue $2.085B and AWS operating income $521M. The company said Prime Day added 2% to its global revenue growth rate. NEWS: In the past quarter, ChannelAdvisor said that Amazon outpaced the industry with a 16.8% holiday SSS growth. Specifically, Amazon's SSS grew 28.9% on Thanksgiving, up 20% on Black Friday, up 20.5% on Cyber Sunday, and up 25.6% on Cyber Monday. During that time, Amazon's Fire tablet was the top-selling product. According to a Re/code report in December, Amazon is now accounting for more than half of all sales growth in U.S. eCommerce. In Q4, Amazon also announced expansions for Prime Now in Los Angeles, San Diego, Baltimore, Austin and Chicago. It began delivering alcohol in Manhattan and offered delivery from local stores in China. By the end of 2015, Amazon was offering Prime Now in 26 cities. The company plans to open fulfillment centers in Columbus, Massachusetts and Canada. It also also build an Amazon Wind Farm in Ohio. Amazon announced that it will shutter its payments service and Groupon-style daily deals service in 2016. However, it also announced that it tripled its selection of free games and apps since launching Amazon Underground. Amazon held early tests of cargo aircraft as it looks to establish its own freight operations. During the Golden Globe awards, Amazon's "Mozart in the Jungle" received two awards, while its competitor Netflix (NFLX) left empty-handed. STREET RESEARCH: In the long-term, Citi said Amazon has a path towards $20 per adjusted EPS by 2018 due to an ongoing mix shift in the retail business and stellar growth in its high margin cloud business. The company was also initiated with an Overweight at Pacific Crest, and had its price target raised at Nomura and BofA.Merrill, citing the company's aim to be part of the consumer purchase process and its lead in both eCommerce and the cloud. Piper Jaffray said Amazon's Prime membership has been the most impressive despite a large base of users. It expected Amazon to add 8M-9M Prime subscribers during the full holiday season, ahead of its previous expectation of 6M-7M. Piper Jaffray added that estimates are mis-modeling Amazon's margin expansion in 2016 and believes the company's unit growth will likely exceed expectations. Ahead of the Q4 earnings report, Stifel said Amazon revenue is expected to beat expectations due to healthy eCommerce trends, strong Prime adoption and strong adoption of AWS. Bernstein also said that the street margin outlook for Amazon continues to be too low, and believes the company is poised to beat street expectations. PRICE ACTION: Amazon.com shares are near flat over the last three months. In Thursday trading ahead of the Q3 report, Amazon.com shares are higher by 6.5%.
12:20 EDTEBAYOn The Fly: Top stock stories at midday
Stocks on Wall Street have moved all over the place in a wild morning of trading. The averages opened sharply higher as oil prices rose above $34 a barrel. The Dow opened with triple digit gains but following reports from Iraq that it would increase oil production, and refutations of rumors that OPEC might cut production, the commodity began to weaken, taking equities with it. The averages turned negative and it looked like another rout might be in the making. Before the market fell too far, it gathered itself and moved back into positive ground and the major averages are now in the green, but not far from where they ended yesterday's session. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 14.5% after the social media giant's fourth quarter earnings and revenue beat expectations. Wall Street analysts were nearly unanimous in their praise following the report, with a number increasing their price targets for its shares... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded about 2% this morning after the company jumped over its lowered profit hurdle... Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance, with eBay falling 13% and PayPal rising 7% near midday... The Dow Jones US Healthcare ETF (IYH) fell over 2% at midday after a number of big-names in the space gave disappointing guidance. Celgene (CELG) fell 5% following its Q4 report and fiscal year outlook, while Abbott (ABT) dropped 8% in the wake of its own results and guidance. MAJOR MOVERS: Among the notable gainers was Kinder Morgan (KMI), which rallied 8.5% after it was upgraded at Credit Suisse and Stifel. Also higher were Under Armour (UA), Dolby (DLB) and Deluxe (DLX), which gained 18%, 11% and 9%, respectively, after reporting quarterly earnings. Among the noteworthy losers was OSI Systems (OSIS), which fell 35% and was downgraded to Hold at BB&T following downbeat quarterly earnings. Also lower were Qualcomm (QCOM) and Discover (DFS), which each dropped about 7% after their quarterly earnings reports. INDEXES: Near midday, the Dow was up 1.37, or 0.01%, to 15,945.83, the Nasdaq was up 21.12, or 0.47%, to 4,489.28, and the S&P 500 was up 3.36, or 0.18%, to 1,886.31.
10:44 EDTAMZNStocks with call strike movement; AMZN MSFT
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10:05 EDTSCOROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMAG Pharmaceuticals (AMAG) initiated with an Outperform at Northland... Angie's List (ANGI) initiated with a Neutral at Roth Capital... Bio Blast Pharma (ORPN) initiated with a Buy at Rodman & Renshaw... British American Tobacco (BTI) initiated with a Buy at UBS... Imperial Tobacco (ITYBY) initiated with a Buy at UBS... Instructure (INST) initiated with an Outperform at Barrington... Nektar (NKTR) initiated with a Buy at Janney Capital... Par Pacific (PARR) initiated with an Outperform at Imperial Capital... Pure Storage (PSTG) initiated with a Buy at Maxim... comScore (SCOR) initiated with a Hold at Evercore ISI.
09:38 EDTAMZN, EBAYActive equity options trading on open
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09:19 EDTEBAYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Facebook (FB), up 13.9%... Under Armour (UA), up 14.6%... MicroStrategy (MSTR), up 8.9%... Harley-Davidson (HOG), up 8%... Paypal (PYPL), up 6%... Mellanox (MLNX), up 7.9%... Cirrus Logic (CRUS), up 6.2%... Alibaba (BABA), up 4.5%. ALSO HIGHER: Neos Therapeutics (NEOS), up 61.4% after the FDA approved Adzenys XR-ODT for the treatment of ADHD... Exelixis (EXEL), up 4.7% after the U.S. FDA determined the company's New Drug Application for cabozantinib is sufficiently complete... Kinder Morgan (KMI), up 6.7% after being upgraded at Credit Suisse and Stifel. DOWN AFTER EARNINGS: OSI Systems (OSIS), down 21.3%... ServiceNow (NOW), down 22.3%... eBay (EBAY), down 11.5%... InvenSense (INVN), down 10.5%... Juniper Networks (JNPR), down 9.3%... Hologic (HOLX), down 4.4%... Abbott Laboratories (ABT), down 3.6%... Potash (POT), down 2.1%... Qualcomm (QCOM), down 3.6%.
08:33 EDTEBAY, AMZNOptions expected to be active
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07:57 EDTEBAYeBay outlook better than headlines suggest, says Baird
Baird said eBay's results were in line with expectations and said although management's outlook looks weak on the surface, the guidance is unchanged from the outlook provided last year. Baird believes eBay shares are likely to be challenged near-term due to foreign exchange headwinds and so lowered its price target to $30 from $33. Baird maintained its Outperform rating on eBay shares.
07:33 EDTEBAYeBay share selloff 'feels overdone,' says JPMorgan
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06:47 EDTSCORcomScore initiated with a Hold at Evercore ISI
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06:21 EDTAMZNAmazon.com volatility increases into Q4 and outlook
Amazon.com January weekly call option implied volatility is at 151, February is at 56, March is at 45; compared to its 52-week range of 55 to 59, suggesting large near term price movement into the expected release of Q4 results today after the market close.
05:55 EDTEBAYeBay price target lowered to $25 from $30 at Piper Jaffray
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05:44 EDTAMZNSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
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