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Stock Market & Financial Investment News

News Breaks
November 26, 2012
14:31 EDTEBAY, AMZNChannelAdvisor: Amazon up 32.6%, eBay up 39.0% on Cyber Sunday
ChannelAdvisor reported on its blog that its data showed Amazon.com's (AMZN) sales on Cyber Sunday were up 32.6%, which was off compared to the 58.7% increase the retailer saw a year ago. In contrast, eBay's (EBAY) Cyber Sunday sales were up 39.0%, topping last year's 15.0% increase on the comparable day. Reference Link
News For AMZN;EBAY From The Last 14 Days
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January 28, 2016
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
January 27, 2016
19:30 EDTAMZN, EBAYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:40 EDTEBAYeBay drops, PayPal climbs after quarterly results
Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance for the first quarter and fiscal 2016. WHAT'S NEW: eBay reported Q4 adjusted earnings per share of 50c, compared to consensus estimates of 50c, and Q4 revenue of $2.32B, in-line with analyst expectations of $2.32B. eBay provided Q1 adjusted EPS guidance of 43c-45c, below analyst estimates of 48c, and Q1 revenue guidance of $2.05B-$2.1B, against analyst expectations of $2.16B. eBay also gave FY16 adjusted EPS guidance of $1.82-$1.87, below analyst estimates of $1.98, and FY16 revenue guidance of $8.5B-$8.8B, below consensus expectation of $8.99B. PayPal reported Q4 adjusted EPS of 36c, above analyst estimates of 35c, and Q4 revenue of $2.56B, above consensus expectations of $2.51. PayPal gave Q1 adjusted EPS guidance of 34c-36c, above analyst estimates of 35c, and Q1 revenue guidance of $2.47B-$2.52B, compared to consensus expectations of $2.48B. PayPal also gave FY16 adjusted EPS guidance of $1.45-$1.50, compared to analyst estimates of $1.49, and FY16 revenue guidance of $10.5B-$10.7B, against consensus expectations of $10.68B. WHAT'S NOTABLE: eBay reported that its Q4 active buyer base was up 5% to 162M. The company also reported Q4 gross merchandise volume of $21.9B, while Marketplace GMV was $20.7B, and StubHub GMV was $1.2B. PayPal reported that Q4 total payment volume was up 29% to $82B and the active account base increased by 6.6M to 179M in Q4. Its Venmo subsidiary processed $2.5B of TPV in Q4, an increase of 174% year-over-year. PayPal also announced a new $2B share repurchase program. ANALYST REACTION: Piper Jaffray analyst Gene Munster issued a note following eBay's earnings announcement reiterating the firm's Neutral rating. Munster explained that eBay's disappointing guidance is consistent with his belief that the company will continue to struggle to return to eCommerce growth amid the structural shift away from eBay's intensive search model and towards automated, simplified online commerce platforms. Munster argued that repositioning eBay's brand in the consumer's mind will continue to be a challenge, though given the stock's valuation, those expectations appear to be priced in. PRICE ACTION: Shares of eBay are lower by 12.38% to $23.15 in after-hours trading, while shares of PayPal are up 5% to $33.18. TECHNICAL ANALYSIS: At eBay's current price, the next support is at $22.11, the 52-week low, and resistance is at $24.51.
18:00 EDTAMZNFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
16:07 EDTEBAYeBay drops after results
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16:06 EDTEBAYeBay sees FY16 adjusted EPS $1.82-$1.87, consensus $1.98
Sees FY16 revenue $8.5B-$8.8B, consensus $8.99B.
16:06 EDTEBAYeBay sees Q1 adjusted EPS 43c-45c, consensus 48c
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16:05 EDTEBAYeBay reports Q4 active buyer base up 5% to 162M
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16:02 EDTEBAYeBay reports Q4 adjusted EPS 50c, consensus 50c
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14:34 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:33 EDTEBAYeBay January weekly 27 straddle priced for 7% movement into Q4
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13:47 EDTAMZNVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
12:29 EDTEBAYEarnings Watch: eBay to report Q4 earnings following 2015 holiday season
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11:34 EDTAMZNVIX methodology for Amazon VXAZN up 3% to 49.89 into Q4 and outlook
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11:17 EDTAMZNStocks with call strike movement; AMZN HOG
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09:32 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
07:49 EDTEBAYEBay volatility elevated into Q4 and outlook
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07:13 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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06:59 EDTAMZNOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:10 EDTAMZNAmazon beats Netflix at Sundance deals, NY Post reports
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