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Stock Market & Financial Investment News

News Breaks
October 25, 2013
12:48 EDTEMN, ZNGA, MSFT, DECK, CECO, AMZN, CTCT, PGOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after the tech-heavy Nasdaq index, which had been the leader in the morning hours, gave up nearly all of its early gains. The strength in the tech sector was largely attributable to advances by two of the titans in the space, Amazon.com (AMZN) and Microsoft (MSFT), following their earnings reports. ECONOMIC EVENTS: In the U.S., durable goods orders climbed 3.7% in September, stronger than the expected 2.5% increase. Durable goods orders excluding transportation orders were down 0.1%, versus expectations for them to be up 0.5% in the month. The final University of Michigan consumer confidence reading for October was 73.2, versus an expected 75.0 reading. Wholesale trade inventories grew 0.5% in August , versus expectations for a rise of 0.4% for the month. COMPANY NEWS: Amazon shares rallied about 9% after the company reported third quarter losses that were in-line with forecasts and revenue that beat analysts' consensus expectation. Following its report at least eight firms raised their price targets on Amazon’s shares and Raymond James upgraded the stock to Strong Buy. Another tech giant, Microsoft, beat expectations on both the top and the bottom line and its stock advanced over 5%... Procter & Gamble (PG) reported earnings per share that matched expectations and backed its full-year outlook, though its shares slid nearly 1% after its report. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), which was up more than 50% near midday after the company last night announced a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), which gained 11% after reporting a narrower-than-expected third quarter loss. Also higher following their quarterly reports were Constant Contact (CTCT), which rose over 18%, and Ugg-maker Deckers Outdoor (DECK), which advanced more than 19% near midday. Among the noteworthy losers was Eastman Chemical (EMN), which fell over 6% after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: Near midday, the Dow was up 26.02, or 0.17%, to 15,535.23; the Nasdaq was up 6.86, or 0.17%, to 3,935.82; and the S&P 500 was up 2.72, or 0.16%, to 1,754.79.
News For AMZN;MSFT;PG;CECO;ZNGA;CTCT;DECK;EMN From The Last 14 Days
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April 15, 2015
07:26 EDTDECKDeckers Outdoor says President of UGG to step down
Deckers Brands announced last night that Connie Rishwain, President of UGG and Fashion and Lifestyle Brands has notified the company of her plans to step down in order to spend more time with her family and pursue other interests.
06:56 EDTDECKDeckers Outdoor initiated with a Neutral at Guggenheim
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06:18 EDTAMZNApple, Google, others doubling down on European operations, WSJ reports
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06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
April 14, 2015
16:00 EDTAMZNOptions Update; April 14, 2015
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11:45 EDTAMZNAmazon fulfillment, third party strength reasons to be bullish, analysts say
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11:16 EDTAMZNCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
07:44 EDTAMZNBaird survey suggests accelerating growth trends for Amazon.com
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07:20 EDTAMZNAmazon.com price target raised to $465 from $400 at Jefferies
Jefferies raised its price target for Amazon.com shares to $465 from $400 after analyzing the retailing giant's fulfillment capabilities. The firm believes Amazon's fulfillment strategy will drive revenue growth acceleration in the medium to longer-term and margin improvement with scale. It views Amazon's fulfillment initiatives as part of a "bigger, multi-faceted strategy focused on better customer segmentation and category leadership." Jefferies keeps a Buy rating on the name. Shares of Amazon closed yesterday down 29c to $382.36.
06:20 EDTAMZNAmazon, HarperCollins reach agreement on publishing pact, WSJ reports
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06:11 EDTPGProcter & Gamble CEO could step down as early as summer, WSJ reports
Procter & Gamble CEO A.G. Lafley and other senior executives have reportedly made comments in private meetings with Wall Street analysts and investors that Lafley could step down as early as this summer, The Wall Street Journal reports, citing sources who attended the meetings. Analysts believe Lafley could remain chairman for "another year or two" to help smooth a CEO transition. The company's next CEO, which is likely to be an internal candidate, is widely expected to be P&G executive David Taylor. Reference Link
05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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April 13, 2015
17:17 EDTAMZNAmazon Prime membership now includes ad-free internet radio service
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16:01 EDTAMZNOptions Update; April 13, 2015
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12:02 EDTMSFTMicrosoft hires Kurt DelBene to head corporate strategy and planning
Microsoft announced that Kurt DelBene has been named executive vice president of Corporate Strategy and Planning reporting to Microsoft CEO Satya Nadella. DelBene is returning to Microsoft, where he was most recently president of the Microsoft Office Division. After leaving Microsoft in 2013, he then served as senior advisor to the Secretary of Health and Human Services where he was appointed by President Obama to oversee implementation and improvement of Healthcare.gov. He most recently has been a venture partner at Madrona Venture Group, concentrating on investing and advising in early stage, technology-focused startups in the Pacific Northwest.
09:27 EDTAMZNAmazon says X-Ray coming to Fire TV, Fire TV Stick
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09:03 EDTAMZNeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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