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Stock Market & Financial Investment News

News Breaks
December 27, 2012
17:39 EDTCRM, VMW, IBM, RAX, NFLX, AMZNAmazon's Netflix snafu demonstrates 'cloud' risks, Economic Times says
Amazon's (AMZN) Christmas Eve snafu that shut down Netflix (NFLX) streaming videos for users from Canada to South America highlights the possible pitfalls of transferring datacenter operations to the cloud, says the Economic Times.
News For AMZN;NFLX;IBM;CRM;RAX;VMW From The Last 14 Days
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February 8, 2016
09:14 EDTCRMSoftware stocks should be bought aggressively after pullback, says Roth Capital
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08:58 EDTNFLXNetflix falls in pre-market trading
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07:30 EDTCRMSalesforce Q4 checks show strong deal momentum, says Deutsche Bank
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06:17 EDTNFLXCBS' Moonves eyeing bigger move to digital content, Reuters says
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05:25 EDTCRMStocks with implied volatility movement; CRM FB
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February 7, 2016
19:51 EDTAMZNAmazon food delivery app to take steep cut from restaurants, NY Post says
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16:25 EDTAMZNAmazon rolls out 'treasure truck' in Seattle area
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13:12 EDTAMZNAmazon valuation beginning to look reasonable, Barron's says
Shares of Amazon look "more tempting" after their recent declines, and their new price looks "almost reasonable," Barron's contends in its 'Follow Up' column. Though still richly valued, what matters is how much the company "could earn" once CEO Jeff Bezos "turns up the profit dial," the publication notes. Reference Link
February 5, 2016
16:12 EDTCRMOn The Fly: Top stock stories for Friday
Stocks began the session in negative territory and remained there throughout the day. The monthly jobs report showed job growth had slowed more that expected in January, along with indicating higher than expected wage inflation due to the minimum wage increases around the country. Also weighing on the market were the worse than expected forecasts from some companies with previously high-flying stocks, including professional social network operator LinkedIn (LNKD). The Nasdaq was the biggest decliner losing more than 3% of its value, though the S&P and Dow also finished with significant losses. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. Consumer credit surged $21.3B in December, topping the $16B increase that was expected. COMPANY NEWS: LinkedIn plunged 43.68% to $108.49 after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock. "Big Data" software provider Tableau (DATA) similarly issued full-year guidance significantly below expectations and also fell sharply, tumbling 49.57% to $41.27. A number of companies that sell software to businesses fell in the wake of their reports, including Splunk (SPLK), Qlik Technologies (QLIK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers following their earnings reports were packaged foods maker Post Holdings (POST), which gained 11.14% to $63.83, and meat producer Tyson Foods (TSN), which advanced Among the noteworthy losers was Lionsgate (LGF), falling 27% to $18.57 after its third quarter revenue and earnings declined, which the company attributed to the performance of its theatrical film slate. Lionsgate's post-earnings pullback also weighed on Starz (STRZA), which fell 22.2%. Bloomberg reported earlier in the week, citing sources, that Lionsgate had restarted talks to possibly acquire Starz. Also lower following their earnings reports were shares of Redbox parent Outerwall (OUTR), which fell 17.28%, and Hanesbrands (HBI), which slid 15.1%. INDEXES: The Dow fell 211.75, or 1.29%, to 16,204.83, the Nasdaq lost 146.42, or 3.25%, to 4,363.14, and the S&P 500 declined 35.43, or 1.85%, to 1,880.02.
15:59 EDTNFLX, AMZNOptions Update; February 5, 2016
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13:34 EDTCRMSalesforce increases as shares trend to 20-month low
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12:12 EDTCRMOn The Fly: Top stock stories at midday
Stocks began the day lower and have seen little in the way of buying since the open. As the market digested the monthly jobs data and watched the price of oil turn negative, the selling that had taken a two day break was renewed. The Nasdaq is the biggest loser, falling over 2%, while the Dow is down about 1%. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. A report on Consumer Credit growth in December is due out at 3 pm ET. COMPANY NEWS: The shares of LinkedIn (LNKD) plunged 40% after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock... Also tumbling in the wake of its quarterly report was "Big Data" software provider Tableau (DATA), which fell 47% after its full-year guidance came in significantly below expectations. Tableau blamed its guidance miss on weaker IT spending trends, as well as competition, and a number of other companies that sell software to businesses also fell following its report, including peer Splunk (SPLK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers was Cempra (CEMP), which gained about 5% after it said that its solithromycin drug met primary and secondary objectives in its Phase 3 study. Also higher were Tyson Foods (TSN) and Post Holdings (POST), which gained 10% and 11.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Vertex (VRTX), which fell 5% after the FDA said that it cannot currently approve a label expansion for Kalydeco in children with residual function mutations. Also lower were Lion's Gate (LGF), YRC Worldwide (YRCW), and Redbox-parent Outerwall (OUTR), which were down 33%, 30%, and 17%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 171.21, or 1.04%, to 16,245.37, the Nasdaq was down 110.39, or 2.45%, to 4,399.17, and the S&P 500 was down 27.10, or 1.41%, to 1,888.35.
10:33 EDTAMZNAmazon.com hits post-earnings low
The shares were last at $509.57, at a post-earnings low. Next support is at $499. Resistance is at $512.47.
10:17 EDTNFLXNetflix hits lows of the week, levels to watch
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09:37 EDTNFLXActive equity options trading on open
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07:31 EDTAMZNGrubHub downgraded on competition concerns at Oppenheimer
Oppenheimer analyst Jason Helfstein downgraded GrubHub (GRUB) to Perform from Outperform saying he's increasingly concerned that competition from Amazon.com (AMZN) and Uber in New York will cut into the company's sales and profitability. The analyst sees downside risk to the stock despite the recent selloff and thinks a takeover is unlikely in the near term. Helfstein suspended his $30 price target for the shares. The online platform for restaurant pick-up and delivery orders closed yesterday up 13% to $21.53 following its Q4 results.
06:58 EDTAMZNAmazon offers free Square credit card readers to business owners, Re/code says
Amazon (AMZN) is offering to give free Square (SQ) credit card readers to business owners who previously purchased an Amazon Local Register, Re/code reports. The move comes a few months after Amazon said it was discontinuing this payment processing service on February 1, the report says. Reference Link
06:49 EDTAMZNApple, Amazon, Google, Verizon in mix to bid for NFL stream rights, Variety says
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06:23 EDTIBM20 companies make alliance to keep down healthcare costs, WSJ says
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February 4, 2016
19:30 EDTNFLXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
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