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Stock Market & Financial Investment News

News Breaks
June 18, 2014
16:52 EDTHTZ, AMZN, ANGO, TOn The Fly: Closing Wrap
The averages opened lower, but soon drifted back across the flat line as investors awaited the conclusion of the two-day FOMC meeting. The market had little else to key in on and as a result drifted throughout most of the session. By the time the FOMC rate statement was released the averages were in negative territory and showed little reaction to the rate decision and accompanying statement. The rate announcement was followed by a press conference by Fed Chair Janet Yellen who clarified statements about the Fedís bond tapering strategy and the current monetary policies. The Chairwoman stated she hoped the Fed would have better visibility of an exit strategy by the end of the year. The averages drifted higher, however without much conviction. ECONOMIC EVENTS: The Fed lowered monthly bond buying by $10B, and kept rates unchanged. COMPANY NEWS: Amazon.com (AMZN) announced the Fire Phone, an AT&T (T) exclusive smart phone with a 4.7 inch screen and 'dynamic perspective' 3-D interface, at a live event this afternoon. MAJOR MOVERS: AngioDynamics (ANGO) rose 6.7% after receiving FDA clearance for its Celerity tip location system... Hertz Global Holdings (HTZ) gained 4.8% after Reuters reported that Hertz may allow car rentals through Uber. INDEXES: The Dow was up 98.13, or 0.58%, to 16,906.62; the Nasdaq was up 25.60, or 0.59%, to 4,362.84; and the S&P 500 was up 14.99, or 0.77%, to 1,956.98.
News For AMZN;T;ANGO;HTZ From The Last 14 Days
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May 13, 2015
12:01 EDTTAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:58 EDTTAT&T, Communications Workers of America reach tentative contract agreements
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09:39 EDTAMZNActive equity options trading on open
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09:04 EDTAMZNHouse Judiciary Committee to hold a hearing
The Subcommittee on Courts, Intellectual Property and the Internet holds a hearing entitled, "Stakeholder Perspectives on ICANN: The .Sucks Domain and Essential Steps to Guarantee Trust and Accountability in the Internets Operation" with Vice President Misener of Amazon.com on May 13 at 10 am. Webcast Link
06:55 EDTTInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
May 12, 2015
12:59 EDTTRegulators unlikely to block AT&T-DirecTV deal, WSJ says
The FCC and U.S. Justice Department are nearly finished reviewing AT&T's (T) acquisition of DirecTV (DTV), and are unlikely to block the deal, reports The Wall Street Journal, citing people familiar with the matter. Sources said the Justice Department hasn't raised issues, and though the FCC may seek to impose conditions, they are expected to be acceptable to AT&T. Reference Link
12:32 EDTTDirecTV up 1% after report says regulators unlikely to block AT&T deal
Dow Jones, citing sources, said the U.S. review of the deal is nearing its end and that regulators are unlikely to step in to block the merger.
12:30 EDTTU.S. unlikely to block AT&T, DirecTV deal, Dow Jones reports
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11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTTAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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08:19 EDTHTZHertz delays filing of March quarterly report
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May 11, 2015
12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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09:03 EDTAMZNAmazon.com to open fulfillment center in Carteret, NJ
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06:11 EDTAMZNStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 10, 2015
18:05 EDTTFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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May 8, 2015
13:09 EDTAMZNCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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09:56 EDTAMZNAmazon Fresh expands to parts of Northern New Jersey, Re/code reports
Amazon Fresh, Amazon's grocery delivery business, has been quietly expanded to reach parts of Northern New Jersey, including Hoboken, Edison and Paramus, Re/code reports. Amazon began delivering groceries to Manhattan and Brooklyn in last eight months. Reference Link
09:36 EDTAMZNActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
06:22 EDTAMZNCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.
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