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Stock Market & Financial Investment News

News For AMZN;EBAY From The Last 14 Days
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October 24, 2014
16:54 EDTAMZNMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:20 EDTAMZNOn The Fly: Closing Wrap
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16:02 EDTAMZNOptions Update; October 24, 2014
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15:57 EDTAMZNRoku planning to file an IPO, CNBC reports
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12:57 EDTAMZNAlibaba advances after BMO starts coverage with Outperform rating
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12:49 EDTAMZNOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
10:39 EDTAMZNAmazon downgraded at Cowen, Janney after results miss expectations
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10:03 EDTAMZNOn The Fly: Analyst Downgrade Summary
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09:36 EDTAMZNActive equity options trading on open
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09:18 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
09:01 EDTAMZNAmazon says Fire TV selection has tripled since launch
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09:01 EDTAMZNAmazon.com downgraded to Neutral at Janney Capital
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08:57 EDTAMZNAmazon.com guidance 'relatively strong,' says Pacific Crest
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08:55 EDTAMZNAmazon.com price target lowered to $340 from $400 at RW Baird
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08:54 EDTAMZNUPS declines to comment on Amazon, but says adapting to an evolving market
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08:44 EDTAMZNAmazon.com price target lowered to $296 from $350 at B. Riley
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08:21 EDTAMZNAmazon.com downgraded to Market Perform at Cowen
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07:33 EDTAMZNAmazon.com price target lowered to $307 from $340 at JPMorgan
JPMorgan lowered its price target for Amazon.com shares to $307 citing the company's "disappointing" Q3 results and outlook, but it says the numbers are not as bad as they seem given the one-time write-down for the Fire Phone. The firm expects shares to remain under pressure and keeps a Neutral rating on the name.
07:30 EDTAMZNEbola and earnings push futures lower
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07:11 EDTAMZNAmazon.com sell-off creates buying opportunity, says Bernstein
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06:56 EDTAMZNAmazon.com downgraded to Neutral from Buy at Janney Capital
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06:51 EDTAMZNAmazon.com still well-positioned to win over long-term, says Cantor
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06:34 EDTAMZNAmazon.com downgraded to Market Perform from Outperform at Cowen
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06:28 EDTAMZNAmazon says recorded charges of $170M for unsold Fire Phones, other costs
Amazon said in a filing that during the three months ended September 30, it recorded charges estimated at $170M primarily related to Fire phone inventory valuation and supplier commitment costs. The remaining amount of Fire phone inventory, including inventory on hand, inventory held by resellers, and non-cancellable supplier commitments to purchase additional inventory, was $83M as of September 30.
06:11 EDTAMZNStocks with implied volatility above IV index mean; AMZN TLM
Stocks with implied volatility above IV index mean; Amazon.com (AMZN) 41, Talisman Energy (TLM) 83 according to iVolatility.
05:36 EDTAMZNAmazon.com price target lowered to $350 from $420 at Piper Jaffray
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October 23, 2014
18:52 EDTAMZNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
17:50 EDTAMZNAmazon.com reports Q3 active customer accounts exceeded 260M
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16:49 EDTAMZNAmazon.com says Q4 guidance includes about $470M for stock-based compensation
Q4 guidance includes approximately $470M for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates.
16:05 EDTAMZNAmazon.com down almost 7% following Q3 results, Q4 guidance
16:04 EDTAMZNAmazon.com reports Q3 operating cash flow up 15% to $5.71B
Operating cash flow increased 15% to $5.71B for the trailing twelve months, compared with $4.98B for the trailing twelve months ended September 30, 2013. Free cash flow increased to $1.08B for the trailing twelve months, compared with $388M for the trailing twelve months ended September 30, 2013. Free cash flow for the trailing twelve months ended September 30, 2013 includes cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4B.
16:03 EDTAMZNAmazon.com sees Q4 revenue $27.3B-$30.3B, consensus $30.89B
Q4 operating income (loss) is expected to be between ($570M)-$430M, consensus 67c.
16:01 EDTAMZNAmazon.com reports Q3 EPS (95c), consensus (74c)
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16:00 EDTAMZNOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
15:30 EDTAMZNNotable companies reporting after market close
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15:28 EDTAMZNAmazon.com October weekly 312 straddle priced for 7.5% move into Q3
13:36 EDTAMZNEarnings Preview: Amazon sees Q3 revenue $19.7B-$21.5B
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09:03 EDTAMZNAmazon: AWS cloud computing platform available to German datacenter customers
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07:08 EDTAMZNAmazon.com weekly volatility increases into Q3 and outlook
Amazon.com October weekly call option implied volatility is at 171, November is at 43, December is at 33, April is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
06:05 EDTAMZNApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
16:00 EDTAMZNOptions Update; October 23, 2014
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15:06 EDTAMZNAmazon.com technical comments before earnings
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13:14 EDTAMZNMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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11:59 EDTAMZNStocks with call strike movement; MYL AMZN
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07:56 EDTAMZNAmazon.com weekly volatility increases into Q3 and outlook
Amazon.com October weekly call option implied volatility is at 131, November is at 40, December is at 33, April is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
October 21, 2014
18:33 EDTEBAYIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:38 EDTEBAYIcahn would like eBay to sell PayPal right now
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17:35 EDTEBAYIcahn says pleased that Marc Andreessen leaving eBay board
Icahn is speaking in a CNBC interview.
14:09 EDTEBAYThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
14:01 EDTEBAYThird Point says established 'significant' position in eBay during Q3
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09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:12 EDTEBAYGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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09:03 EDTAMZNAmazon says Kindle Voyage starts shipping today
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07:45 EDTAMZNMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:49 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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06:27 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
October 20, 2014
16:00 EDTAMZNOptions Update; October 20, 2014
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15:40 EDTAMZNAmazon in new contract with Simon & Schuster, WSJ reports
Amazon.com (AMZN) and CBS’s (CBS) Simon & Schuster unit have reached a new multi-year print and digital contract that replaces an existing one set to expire in two months, according to The Wall Street Journal, citing people familiar with the situation. Details of the new contract couldn’t be immediately learned, but the report notes that a person close to the talks said that the new deal “is good for both companies” and that Simon & Schuster is “very happy” with the pact. Reference Link
12:01 EDTAMZNNetflix, Amazon recomended as short ideas by Fred Wilson, Bloomberg reports
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06:01 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
05:59 EDTAMZNStocks with implied volatility above IV index mean; DISH AMZN
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05:27 EDTEBAYeBay announces resignation of Marc Andreessen from board
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October 17, 2014
16:55 EDTEBAYStocks end volatile week lower amid oil price plunge
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16:01 EDTAMZNOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
12:11 EDTEBAYeBay announces launch of domestic selling in Russia
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09:22 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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06:22 EDTAMZNStocks with implied volatility above IV index mean; GT AMZN
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06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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October 16, 2014
16:30 EDTEBAYOn The Fly: Closing Wrap
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16:01 EDTAMZNOptions Update; October 16, 2014
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15:26 EDTEBAYStubHub announces integration with Apple Pay
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14:42 EDTAMZN, EBAYeBay appears done with same-day delivery 'experiment,' Re/Code says
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12:29 EDTEBAYOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, though well off their worst levels. The market opened sharply lower following less than stellar quarterly reports from some of the country’s largest corporations and a number of in-focus "momentum" names such as Netflix (NFLX) and eBay (EBAY). The early drop extended the market’s recent declines and put the averages close to correction territory. The market moved off its lows after a regional Fed president, who'd recently been seen as hawkish, said in an interview that the central bank should consider delaying the end of quantitative easing and that it should be more data driven than time driven. The comments were attributed as the catalyst for a reversal that brought the averages all the way back to positive territory, though the market has once again drifted back into negative ground. ECONOMIC EVENTS: In the U.S., initial jobless claims decreased by 23K to 264K last week to hit their lowest level since April 2000. Industrial production rebounded 1.0% in September, beating expectations for a rise of 0.4% and pushing capacity utilization up to 79.3% from 78.7% previously. The Philadelphia Fed manufacturing index fell 1.8 points to 20.7 in October, which was not as low as the expected 19.9 reading. The NAHB homebuilder sentiment index fell 5 points to 54 in October, versus expectations for it to hold steady at 59. Also of significant note, St. Louis Fed President James Bullard, who is not a voting FOMC member though was quoted recently saying that a rate hike might be appropriate as soon as early next year, reversed course this morning and told Bloomberg in an interview that the Fed should consider delaying an end to its quantitative easing program. COMPANY NEWS: Shares of Netflix (NFLX) plunged 22% after the company provided lower than expected Q4 profit guidance and reported lower than expected subscriber data. The move after its earnings report last night also follows Time Warner's (TWX) announcement yesterday of plans for a standalone HBO online service and Piper Jaffray saying it believes CBS (CBS) will similarly launch an over-the-top Showtime offering next year... eBay (EBAY) shares slipped nearly 6% after the company missed revenue expectations for the third quarter and lowered its outlook for fiscal 2014. Following the report, analysts at both RBC Capital and CLSA downgraded the stock. MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 17% after the company announced that it sold Marcellus and Utica shale assets to Southwestern Energy (SWN) for $5.375B. Shares of the buyer Southwestern, however, fell 8% after the deal announcement. Also lower was Extreme Networks (EXTR), which dropped almost 19% after cutting its first quarter outlook citing significant delays with its North American deals as well as headwinds in Europe. INDEXES: Near midday, the Dow was down 28.46, or 0.18%, to 16,113.28, the Nasdaq was down 16.16, or 0.38%, to 4,199.16, and the S&P 500 was down 2.08, or 0.11%, to 1,860.41.
12:11 EDTEBAY, AMZNeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
10:23 EDTAMZNAmazon.com breaks below $300, levels to watch
Shares have broken psychologically important support at $300, last at $299.59. At that price, next support is at $296.76. Resistance is at $305.01.
10:06 EDTEBAYThe Federal Trade Commission (FTC) to hold a conference
7th Annual Federal Trade Commision Microeconomics Conference is being held in Washington, D.C. on October 16-17.
10:01 EDTEBAYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:23 EDTEBAYOn The Fly: Pre-market Movers
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08:41 EDTEBAY, EBAYeBay downgraded to Underperform from Buy at CLSA
CLSA downgraded eBay to Underperform to reflect ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages, and potential M& barriers. Price target lowered to $52 from $66.
08:06 EDTAMZNAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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07:50 EDTEBAYeBay shares approaching compelling levels, says Stifel
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07:06 EDTEBAYeBay downgraded to Sector Perform from Outperform at RBC Capital
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07:01 EDTEBAYeBay price target lowered to $60 from $63 at Cantor
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05:22 EDTAMZNAmazon.com to add 80,000 seasonal jobs
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October 15, 2014
18:26 EDTAMZN, EBAYOn The Fly: After Hours Movers
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18:02 EDTEBAYeBay sees FY14 EPS at low end of $2.95-$3.00, consensus $2.97
Lowers FY14 revenue view to $17.85B-$17.95B from prior view $18B-$18.3B, consensus $18.15B.
17:38 EDTEBAYeBay sees PayPal separation complete in 2H15
17:16 EDTEBAYeBay says biggest driver to increased operating expenses was sales/marketing
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17:12 EDTEBAYeBay cites slower Marketplace growth, FX headwinds for reduced guidance
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17:09 EDTEBAYeBay says PayPal on pace to process 1B mobile transaction this year
Comment from company Q3 earnings call.
16:30 EDTEBAYeBay sees FY14 EPS at low end of $2.95-$3.00, consensus $2.97
16:28 EDTEBAYeBay sees FY14 EPS at the lower end of guidance
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16:19 EDTEBAYeBay lower by almost 5% to $48 after reporting Q3 results and guidance
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16:18 EDTEBAYeBay lowers FY14 revenue view to $17.85 - $17.95, consensus $18.15B
16:17 EDTEBAYeBay sees Q4 EPS 88c-91c, consensus 91c
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16:16 EDTEBAYeBay reports Q3 EPS 68c, consensus 67c
Reports Q3 revenue $4.35B, consensus $4.37B.
16:00 EDTAMZNOptions Update; October 15, 2014
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15:28 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
14:17 EDTEBAYeBay technical comments ahead of earnings
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13:21 EDTAMZNAmazon investor sentiment near all-time lows, analyst says
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13:09 EDTEBAYEarnings Preview: eBay to report Q3 earnings after PayPal spin-off announcement
eBay (EBAY) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 67c on revenue of $4.37B. The consensus range is 65c-72c for EPS, and $4.33B-$4.43B for revenue, according to First Call. LAST QUARTER: eBay reported second quarter EPS of 69c against estimates of 68c on revenue of $4.37B against estimates of $4.38B. The company gave Q3 EPS guidance of 65c-67c and Q3 revenue guidance of $4.3B-$4.4B as well as FY14 EPS guidance of $2.95-$3.00. It narrowed FY14 revenue guidance to $18B-$18.3B from $18B-$18.5B. eBay said Google search algorithm change slowed traffic in June. The company confirmed the Q3 guidance during a conference call in September. NEWS AND STREET RESEARCH: eBay announced in late September that it will separate eBay and PayPal into two independent publicly traded companies, set to be completed in the second half of 2015. eBay Marketplaces President Devin Wenig will be the CEO of the new eBay company and Dan Schulman will become CEO of the new PayPal company. The cost of the transaction has yet to be determined, and the split is not designed to position either business for sale. During its conference call to discuss the split, the company said PayPal is on track to process 1B mobile payments this year and added that Apple (AAPL) could help speed NFC adoption and would be good for PayPal. eBay adds that it has "never been more bullish" on PayPal's prospects. Following the announcement, there were rumors that Google (GOOG) was looking to acquire eBay. Piper Jaffray said the press reports of the talks between the two companies are "largely unsubstantiated." The company was downgraded at JPMorgan, JMP Securities, Jeffries, and Wedbush after the announcement of a split due to increased uncertainty. Investors say the benefit of the spin-off plans are not as clear, unsure if a standalone PayPal is in a better position to compete in the quickly changing digital payments space. Wedbush analysts say a spin-off will not boost the payment processor's business and may have negative consequences for both companies. Investors were also split on how Apple's mobile payments platform will affect eBay and PayPal. RW Baird said Apple iWallet will pose a threat to PayPal, particularly to its opportunities at point-of-sale and Piper Jaffray said the new payments system will further weigh on eBay's multiple over the next six months. JPMorgan, however, said iWallet will be a net positive for payment networks and Citigroup believes the risks from Apple are likely overstated. PRICE ACTION: eBay shares have dropped more 2.21% since the first day of trading following the company's Q2 report. In Wednesday midday trading ahead of its earnings report, eBay shares are trading down 2%.
09:38 EDTAMZNActive equity options trading on open
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09:02 EDTAMZNAmazon reports availability of Cloud Drive on Instant video app
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07:04 EDTAMZNAmazon.com sentiment nearing all-time lows, says Deutsche Bank
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06:32 EDTAMZNTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:25 EDTAMZNAmazon starts same-day deliveries in the U.K., FT reports
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06:06 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 14, 2014
12:48 EDTEBAYeBay October volatility elevated into Q3 and guidance
eBay October call option implied volatility is at 52, November is at 30, January is at 28; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 15.
12:46 EDTEBAYSquare CEO Dorsey says not in talks with PayPal
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12:31 EDTEBAYeBay PayPal unit in talks to buy Square, Bank Innovations reports
PayPal, which is spinning off from eBay in 2015, is exploring several potential acquisitions, including the purchase of Square, according to Bank Innovation, citing sources close to both companies. The acquisition talks are in the “early stages,” but are described as "serious" and "intense" by the sources, the report stated. Bank Innovation said it had "no word yet" on an acquisition price, but assumes it would be above the $6B valuation ascribed to Square in a recent fundraising effort. Shares of eBay are up a bit over 1% in afternoon trading. Reference Link
12:26 EDTEBAYPayPal in 'early' but serious talks to buy Square, Bank Innovations says
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09:37 EDTAMZNActive equity options trading on open
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08:35 EDTAMZNAmazon set to open first retail store in San Francisco, GeekWire reports
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06:23 EDTAMZNAmazon.in, Future Group enter into a strategic partnership
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06:19 EDTAMZNGoogle expands Express delivery service, to charge membership fee
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06:01 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 13, 2014
16:02 EDTAMZNOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
13:10 EDTAMZNGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:37 EDTEBAYeBay initiated with a Sector Perform at Portales
11:24 EDTAMZNAmazon to create 1,000 new permanent jobs at UK fulfillment centers
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09:03 EDTAMZNAmazon says Prime members to get early access to select Lightning Deals
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08:31 EDTAMZNAmazon, Future Group in online sales pact, Economic Times reports
India's largest listed retailer, Future Group, has signed a deal to jointly sell items over the Internet with Amazon, reported Economic Times, which noted that Future will begin by selling apparel and then expand to in-house brands in the home, electronics and food categories. Reference Link
06:12 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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