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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 27, 2015
19:26 EDTEBAYApple Pay service gaining in market share, Bloomberg reports
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16:00 EDTAMZNOptions Update; January 27, 2015
iPath S&P 500 VIX Short-Term Futures up 1.40 to 32.01. Option volume leaders: AAPL TSLA TWTR AMZN FB MSFT X RIG YHOO C GILD according to Track Data.
14:34 EDTAMZNNetflix, Amazon saw increase of 15%-20% in streams during blizzard, CNBC says
Netflix (NFLX) saw an increase of 15% in streaming video, and Amazon (AMZN) saw a rise of 20% in Amazon Prime video in some New England markets during winter storm Juno, CNBC reports, citing Procera Networks. Numbers do not include mobile streaming or New York City market.
12:21 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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11:07 EDTAMZNAmazon.com shares pricing in soft margin outlook, says Piper Jaffray
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08:59 EDTAMZNJPMorgan 'warming up' to shares of Amazon.com
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07:46 EDTAMZNStifel to hold a conference
2015 Senior Housing and Healthcare Real Estate Conference is being held in Dana Point, California on January 27.
07:29 EDTAMZNPepsi launches naturally-sweetened Pepsi True in three states, WSJ says
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January 26, 2015
16:01 EDTAMZNOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
14:07 EDTEBAYeBay downgraded to Underperform from Sector Perform at Portales
09:49 EDTAMZNActive equity options trading
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09:15 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
Amazon.com January weekly call option implied volatility is at 90, February is at 44, March is at 35; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement in the expected release of Q4 results on January 29.
07:58 EDTAMZNAmazon unit being probed in Japan on child porn allegations, Bloomberg says
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January 23, 2015
16:01 EDTAMZNOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
09:36 EDTAMZNActive equity options trading
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08:07 EDTAMZNU.S. tech giants nervous about backlash in Europe, WSJ says
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January 22, 2015
16:30 EDTAMZNAmazon acquires Annapurna Labs, Re/code says
Amazon confirmed that it has acquired Annapurna Labs, an Israeli startup that designs networking chips for data centers, reports Re/code, citing a spokeswoman for Amazon’s AWS unit. Amazon declined to comment on the price of the transaction; however reports have the price at about $350M, Re/code adds. Reference Link
16:00 EDTAMZNOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
12:35 EDTEBAYIcahn says eBay management not trying to sell company
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11:37 EDTAMZNStocks with call strike movement; SNDK AMZN
SanDisk (SNDK) March 85 call option implied volatility decreased 13% to 31, Amazon.com (AMZN) April 340 call option implied volatility decreased 3% to 32 according to IVolatility.
10:35 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTEBAYOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
09:43 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
09:28 EDTEBAYeBay price target raised to $59 from $52 at Susquehanna
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09:16 EDTEBAYOn The Fly: Pre-market Movers
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09:02 EDTAMZNAmazon.com launches Kindle Textbook Creator
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08:22 EDTEBAYeBay upgraded at Morgan Stanley
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07:22 EDTEBAYeBay upgraded to Equal Weight from Underweight at Morgan Stanley
07:11 EDTAMZNAmazon.com Web Services unit worth around $32B, says Piper Jaffray
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06:52 EDTAMZNAmazon.com in advanced talks to buy Israeli chipmaker, Calcalist says
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January 21, 2015
18:27 EDTEBAYOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
18:04 EDTEBAYeBay says 2015 an 'important transition year, will be challenging'
Says Q4 was "disappointing." Says occasional traffic has not returned quickly, SEO changes had an adverse impact. Says underestimated the impact of FX, password reset. Expects performance to soften further in first half of 2015 before stabilizing and improving. Says 2015 will be a "challenging year." Says stronger dollar has slowed U.S. exports. Sees FX impacting FY15 revenue by $600M. Says sees PayPal revenue growing 15%-18% in FY15, Sees Ebay unit revenue growing 0%-5%, slower in 1H vs. 2H15. Says sees leaving PayPal with $5B of net cash, eBay unit with $2B of net cash. Says "increasingly confident" in achieving objectives and for separation in 2H15. Says on track to file initial Form 10 by end of February. Comments from company's Q4 earnings conference call.
17:26 EDTEBAYCarl Icahn applauds new appointees to eBay board
In a letter, Icahn said the following: "Today we entered into an agreement with eBay whereby one of our representatives, Jonathan Christodoro, will join eBay’s board of directors and have the ability to transition to PayPal’s board once the spin-off occurs. eBay also agreed that PayPal’s charter documents will contain a number of corporate governance provisions that we suggested and which we believe will greatly enhance shareholder value at PayPal. We believe the actions of eBay’s board and management in crafting this agreement with us have marked a large step forward for corporate governance. The company reached out to us recently to discuss value enhancement generally, and our constructive conversations led to the mutual development of a governance structure going forward that we believe will better align the interests of shareholders, directors, management and other stakeholders." Reference Link
17:07 EDTEBAYeBay up 3.5% following Q4 results, guidance
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16:41 EDTEBAYeBay to explore strategic options for eBay Enterprise, including a sale or IPO
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16:30 EDTEBAYeBay appoints Perry Traquina, Frank Yeary to board of directors
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16:27 EDTEBAYeBay says total stock repurchase authorization $3B as of January 21
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16:26 EDTEBAYeBay says plans 'on track' to separate eBay, PayPal
The company said, "Looking ahead, our plans are on track to separate eBay and PayPal into independent companies in the second half of 2015, and we are confident this is the right strategic path for each business."
16:24 EDTEBAYeBay reports Q4 adjusted operating margin 27.7%
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16:21 EDTEBAYeBay reports mobile payment volume grew 58% in Q4
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16:20 EDTEBAYeBay enters standstill agreement with Carl Icahn
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16:18 EDTEBAYeBay to reduce workforce globally by approximately 7% in Q1
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16:17 EDTEBAYeBay sees FY15 adjusted EPS $3.05-$3.15, consensus $3.26
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16:16 EDTEBAYeBay sees Q1 adjusted EPS 68c-71c, consensus 76c
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16:15 EDTEBAYeBay reports Q4 adjusted EPS 90c, consensus 89c
Reports Q4 revenue $4.9B, consensus $4.93B.
16:00 EDTAMZNOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
15:51 EDTAMZNAmazon.com upgraded to Buy ahead of earnings at BGC Financial
As previously reported, BGC Financial analyst Colin Gillis upgraded Amazon.com to Buy from Hold ahead of the company's upcoming earnings report, citing expectations for the end of its Hachette dispute to improve North American media sales and profitability in the near-term and for the company's ecosystem building and advertising business to benefit it over the long-term. Gillis, who expects Amazon to turn profits in its December and March quarters, maintains a $340 price target on the stock.
15:45 EDTAMZNAmazon.com upgraded to Buy from Hold at BGC Financial
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15:27 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
14:00 EDTEBAYeBay technical comments ahead of earnings, levels to watch
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13:38 EDTWMT, EBAYEarnings Preview: eBay shares rise over 5.5% since last earnings report
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12:12 EDTBBYBest Buy, home retailers seen getting biggest bump from Sears demise
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11:34 EDTEBAY, AMZNAmazon pulling plug on Amazon Wallet app beta, CNet reports
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11:28 EDTAMZNAmazon.com spikes higher on heavy volume, retraces, levels to watch
The stock has been on a wild set of turns in price in the last 20 minutes, trading as high as $306 for the day, but last at $296.51. Volume is heavy. There was a rumor circulating that Carl Icahn was taking a position in the company with some plan to spin off its web services. CNBC's David Faber and Scott Wapner have said sources indicate Icahn has no position in the stock at all. At last price resistance is at the $300 area, support is at $294.12.
11:19 EDTAMZNCarl Icahn owns no Amazon.com, CNBC's Faber reports
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11:18 EDTAMZNIcahn has no stake in Amazon.com, CNBC's Wapner says
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11:17 EDTAMZNAmazon.com spikes 6% to $305.93 amid social media chatter
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11:06 EDTAMZNAmazon.com volatility increases as shares rally
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10:47 EDTBBYOptions with decreasing implied volatility
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:10 EDTAMZNSenate Commerce, Science & Transportation Committee holds a hearing
The Committee holds a hearing entitled, "Protecting the Internet and Consumers through Congressional Action" featuring non-government expert witnesses testifying about current authorities of the FCC and Congress’ options to update outdated laws for the Internet Age with Vice President of Amazon.com, Paul Misener on January 21 at 2:30 pm.Webcast Link
08:43 EDTAMZNAmazon discontinues Amazon Elements line of diapers, Re/code reports
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08:00 EDTAMZNHouse Energy & Commerce Committee to hold a hearing
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
06:17 EDTAMZNOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
13:19 EDTEBAYeBay volatility elevated into Q4 and outlook
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13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
10:20 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
09:52 EDTAMZNAmazon.com's Q4 revenue trending to $29.5B vs. consnesus of $29.7B at ITG
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09:44 EDTWMT, TGTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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09:38 EDTAMZNActive equity options trading
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09:11 EDTSCORcomScore announces U.S. launch of Video Metrix Multi-Platform
comScore announced the U.S. launch of Video Metrix Multi-Platform, which will enable clients to sell, plan and buy digital video – at the video media property and show level – using TV-comparable metrics for both video content and advertising.
08:17 EDTAMZNPattern Energy to supply power to Amazon Web Services
Pattern Energy Group (PEGI) announced it has entered into a 13-year power purchase agreement, or PPA, to supply power to Amazon Web Services, or AWS, an Amazon.com (AMZN) company. AWS will acquire the production from the 150 megawatt Fowler Ridge IV Wind project, to be renamed Amazon Web Services Wind Farm.
08:01 EDTAMZNAmazon Web Services to use wind farm power to supply datacenters with power
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January 19, 2015
11:14 EDTAMZNAmazon to produce original movies for theaters, Prime Instant Video
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January 18, 2015
13:45 EDTEBAYGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:36 EDTTGTMarket finishes week lower on continued oil, global growth worries
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16:00 EDTAMZNOptions Update; January 16, 2015
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10:15 EDTBBYOptions with decreasing implied volatility: BBY ETE CBST
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10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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10:01 EDTTGTOn The Fly: Analyst Upgrade Summary
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09:37 EDTAMZNActive equity options trading
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08:13 EDTBBYBest Buy shares attractive after pullback, says RBC Capital
After Best Buy provided guidance for flat to down comps and EBIT contraction for the first half of fiscal 2016, RBC Capital remains upbeat on the stock due to the company's market share gains and what the firm sees as improving product cycles. RBC Capital trimmed its price target on the stock to $42 from $45 but keeps an Outperform rating.
07:55 EDTTGTChildren's Place Carter's may have opportunity from Target move, say Oppenheimer
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07:23 EDTTGTTarget upgraded at BofA/Merrill
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06:11 EDTAMZNEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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January 15, 2015
16:20 EDTTGT, BBYOn The Fly: Closing Wrap
Stocks on Wall Street had a see-saw trading day, with every attempt at getting the averages into positive territory being met with more selling. The market spent most of the day in negative territory, however, as the latest bank earnings reports failed to impress investors, the price of oil renewed its downtrend, and the Swiss National bank withdrew its floor support on the Swiss franc. ECONOMIC EVENTS: Internationally, Switzerland's central bank unexpectedly gave up its minimum exchange rate, sending the Swiss franc soaring against the dollar and euro and triggering wild swings in its equity markets. In the U.S., initial jobless claims rose 19K to 316K in the week ended January 10, versus expectations for 298K first-time claims. The producer price index fell 0.3% in December, versus expectations for a decrease of 0.4%. The core PPI rate rose 0.3% in the month, versus expectations for it to be up 0.1%. The Empire State index rebounded to 9.95 in January, beating expectations for a 5.0 reading for the measure of manufacturing activity in the New York area. The Philly Fed index fell 18.0 points to 6.3 in January, which was worse than the projected pullback to a reading of 18.7. WTI crude oil, the U.S. benchmark, reversed its early gains to end the trading session down 4.6% at $46.25 per barrel. COMPANY NEWS: Shares of Target (TGT) advanced $1.34, or 1.8%, to $75.67 after the retailer announced plans to stop operating stores in Canada. Target expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond. The company also raised its forecasts for Q4 U.S. comparable sales growth and adjusted earnings per share, mostly due to increased traffic and stronger-than-expected digital sales... Bank of America (BAC) slid 84c, or 5.24%, to $15.20 after reporting its fourth quarter results, while Citigroup (C), which also issued its Q4 report, dropped $1.82, or 3.71%, to $47.23. MAJOR MOVERS: Among the notable gainers was Cliffs Natural Resources (CLF), which rose 93c, or 11.94%, to $8.72 amid strength in the basic materials sector. Also benefitting the stock may have been a Bloomberg report that said an adviser to Quebec's investment arm stated that Cliffs' closed down Bloom Lake mine has attracted interest from several potential buyers. Also higher were shares of Kraft Foods (KRFT), which climbed $2.92, or 4.66%, to $65.68 after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. Also of note, the Consumer Analyst Group of New York confirmed to Bloomberg that the food and beverage manufacturer canceled its upcoming conference appearance. Among the noteworthy losers was Best Buy (BBY), which dropped $5.61, or 14.06%, to $34.30 after reporting holiday growth that was lower than previous quarters, citing factors including weakness in tablets, and guiding toward comparable sales in the first half of FY16, excluding certain items, to be flat to down by a low-single digit percentage. Also lower were shares of BlackBerry (BBRY), which declined $2.49, or 19.77%, to $10.10 after the company said last night that it is not in talks with Samsung (SSNLF) about a potential merger, rebutting a Reuters report. INDEXES: The Dow fell 106.38, or 0.61%, to 17,320.71, the Nasdaq dropped 68.50, or 1.48%, to 4,570.82, and the S&P 500 declined 18.60, or 0.92%, to 1,992.67.
16:17 EDTTGTTarget upgraded to Neutral from Underperform at BofA/Merrill
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16:01 EDTAMZNOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
14:51 EDTBBYFollow-up: Best Buy guidance likely conservative, says BofA/Merrill
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14:28 EDTBBYBest Buy guidance likely conservative, says BofA/Merrill
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14:09 EDTTGTTarget downgraded at Stifel
As previously reported, Stifel downgraded Target to Hold from Buy. The firm believes near-term tactical opportunities are play out and management commentary indicates investments will be necessary in order to modernize.
13:47 EDTTGTTarget downgraded to Hold from Buy at Stifel
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12:26 EDTBBY, TGTOn The Fly: Midday Wrap
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12:13 EDTAMZNAmazon's Twitch unit to allow users to stream music
In a blog post Amazon.com's Twitch unit said it will allow users to stream music on its online gaming platform. The company said: "Today we’re announcing two important music initiatives: the Twitch Music Library and the beta Music category.The Twitch Music Library, is a library of songs pre-cleared for Twitch broadcasters to use live and with VODs. As you may recall, we implemented an audio recognition system last year out of respect for copyright holders and to protect both our broadcasters and our brand. We knew it was equally important to ensure broadcasters had music options. Thus, the Twitch Music Library was born to offer safe passage through the less-than-clear legal landscape when it comes to audio rights. The Twitch Music Library features more than 500 songs provided by established and burgeoning labels, including Mad Decent, Dim Mak, Spinnin’ Records, OWSLA, Monstercat, Fool’s Gold, and many more. We are also announcing an experiment with music content creators: our beta Music category. The Music category—listed among the game titles you can designate for a broadcast—is for musicians to use for creating, performing, and presenting original music." Reference Link
11:58 EDTTGTTarget sees accelerating plans to expand CityTarget
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11:46 EDTTGTTarget says Canada exit will allow quicker return to share repurchases
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11:43 EDTTGTTarget says 'vast majority' of Canada exit costs are non-cash
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10:35 EDTTGTTarget viewed unchanged after Canada exit, says RW Baird
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10:22 EDTTGTTarget rallies after moving to close Canadian operations, levels to watch
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10:19 EDTBBYOptions with decreasing implied volatility
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10:12 EDTTGTTarget to host business news update conference call
Conference call to discuss Target Canada granted CCAA order will be held on January 15 at 11:30am. Webcast Link
10:04 EDTTGTTarget exit from Canada came sooner than expected, says Wells Fargo
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09:46 EDTTGTTarget Canada granted CCAA order
Target announced that Target Canada has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act, or CCAA, earlier this morning. The Initial Order authorizes Target Canada to begin a court-supervised wind-down of its Canadian businesses. It also provides for a broad stay of proceedings against Target Canada and authorizes Target to provide a debtor-in-possession credit facility of $175M to finance Target Canada’s operations during the CCAA proceedings. Note that Target announced earlier that it has decided to discontinue operations in Canada.
09:44 EDTBBYBest Buy tumbles on outlook, levels to watch
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09:36 EDTAMZNActive equity options trading
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09:24 EDTWMTEpiq Systems to hold a webinar
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09:15 EDTBBY, TGTOn The Fly: Pre-market Movers
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09:02 EDTAMZNAmazon says first pilot season of 2015 available on Instant Video
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:30 EDTAMZNEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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07:07 EDTBBYBest Buy sees y/y pressure on operating income rate as early as 1Q16
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07:05 EDTBBYBest Buy sees impact of external pressures continuing in FY16
The company says, "We do expect the impact of the external pressures he laid out to continue throughout FY16 and the impact of the incremental investments to begin in the first quarter. Additionally, we believe that the positive Domestic sales trends that we saw in mobile phones and home theater during the holiday period, in addition to the share gains we saw across other NPD-reported Consumer Electronics categories, were partially driven by the excitement around high-profile products and will not likely continue at holiday levels. As such, while we are excited about these investments and confident in our ability to execute against them, we are also appropriately cautious about the pressures. Therefore, we are currently expecting enterprise comparable sales in the first half of FY16, excluding the estimated impact of installment billing, to be flat to negative low-single digits and the non-GAAP operating income rate to be down approximately 30 to 50 basis points – reflecting a more modest sales environment and the impact of our incremental investments and SG&A inflation. We will more deeply discuss our growth initiatives, investments and external pressures in our fourth quarter earnings call in March – after we have completed our FY16 operating plans.”
07:05 EDTBBYBest Buy says increases Q4 outlook ex-Five Star business
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07:04 EDTBBYBest Buy CEO says holiday period growth rate lower than previous quarters
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07:03 EDTBBYBest Buy reports holiday period domestic revenue $10.13B, up 4.1% from last year
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07:01 EDTBBYBest Buy reports holiday domestic SSS up 2.6%
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January 14, 2015
16:00 EDTWMT, AMZNOptions Update; January 14, 2015
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12:43 EDTAMZNAmazon.com falls, levels to watch
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10:27 EDTAMZNFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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10:21 EDTBBYOptions with decreasing implied volatility
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07:42 EDTAMZN, EBAYEtsy looking to raise $300M with IPO as soon as this quarter, Bloomberg says
Etsy, which operates a website that allows people to sell handmade crafts, is working with Goldman Sachs (GS) and Morgan Stanley (MS) on an initial public offering that could come as soon as this quarter, said Bloomberg, citing people familiar with the matter. Etsy seeks to raise $300M via the offering, the report said. Publicly traded companies in the e-commerce space include Amazon.com (AMZN), eBay (EBAY), Alibaba (BABA) and zulily (ZU). Reference Link
07:13 EDTAMZNAmazon could buy controlling stake in Blue Dart, Economic Times reports
Amazon is said to be in preliminary talks to buy a controlling stake in Blue Dart, a courier and integrated express package distribution company, The Economic Times reports, citing sources. One source says Amazon could buy a 75% stake in Blue Dart held by DHL Express Singapore, though it was noted that talks are currently at an early stage. Reference Link
January 13, 2015
16:00 EDTAMZNOptions Update; January 13, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 34.42. Option volume leaders: AAPL JNJ CELG WFM TSLA TWTR AMZN GILD according to Track Data.
14:11 EDTAMZNAmazon.com climbs after Citi upgrades to buy
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10:30 EDTAMZNAmazon.com tests $300, levels to watch
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10:17 EDTBBYOptions with decreasing implied volatility
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10:00 EDTBBY, AMZNOn The Fly: Analyst Upgrade Summary
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09:07 EDTBBYOn The Fly: Pre-market Movers
HIGHER: Apple (AAPL), up 1.4% after Credit Suisse upgraded Apple to Outperform and raised its iPhone volume estimates again... Best Buy (BBY), up 2.8% after being upgraded to Buy from Neutral at Goldman... SunPower (SPWR), up 2.6% after being upgraded to Outperform at Credit Suisse... Alcoa (AA), up 2% after Q4 results beat expectations. RISING AFTER GUIDANCE: Pharmacyclics (PCYC), up 17.5%... CTI BioPharma (CTIC), up 8.3%... Emulex (ELX), up 15.5%... ARIAD (ARIA), up 2.6%. LOWER: ChannelAdvisor (ECOM), down 42% following preliminary fourth quarter revenue guidance and after receiving multiple analyst downgrades... Antares Pharma (ATRS), down 7.7% after the FDA recommended that the company create a larger safety database for its clinical development program for QuickShot Testosterone.
09:01 EDTAMZNAmazon Studios signs Woody Allen to create television series
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07:28 EDTAMZNAmazon says created, filled over 6,000 permanent jobs across EU in 2014
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07:26 EDTAMZNAmazon.com survey suggests solid growth trends, says RW Baird
Baird said their recent inventory survey for Amazon.com suggests solid growth trends in selection and marketplace. The firm sees the selection as a key growth driver for Amazon retail. Baird reiterated its Outperform rating and $340 price target on Amazon shares.
06:18 EDTEBAYSilicon Valley shuttle drivers looking to unionize, USA Today reports
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06:16 EDTAMZNAmazon.com upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Amazon.com to Buy saying the risk/reward on shares is attractive below $300. Citi believes holiday data points look good for Amazon's Q4 results and that the retailer's gross margins will rise in 2015, reversing 2014's downward trend. The firm raised its price target for Amazon to $354 from $325 and thinks the stock has support around $300. Shares of the retailing giant closed yesterday down $5.52 to $291.41.
06:07 EDTAMZNAmazon sued for $25M by Durst Organization, Forbes reports
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05:49 EDTBBYBest Buy volatility elevated into holiday sales report
Best Buy January call option volatility is at 110, February is at 50, March is at 47; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into holiday sales report.
05:39 EDTBBYBest Buy upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Best Buy to Buy from Neutral saying a pick-up in advanced TV sales and good sector fundamentals should drive better than expected Q4 results. Goldman also thinks shares will react favorably to any capital allocation decisions made by management given the retailer's "hefty" cash position. It raised its price target for shares to $45 from $38. Best Buy closed yesterday up $1.03 to $39.09.
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