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Stock Market & Financial Investment News

News For APOL;EA;FLEX;GMCR;LRCX;MRVL;NFLX;RIMM;VRSN;WCRX From The Last 14 Days
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January 28, 2016
12:22 EDTNFLXEarnings Watch: Amazon expected to report strong Q4 results after holiday season
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 28 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of $1.56 on revenue of $35.93B. The consensus range is 60c-$2.41 for EPS, and $35.11B-$36.75B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of 17c against estimates of (13c), on revenue of $25.4B against estimates of $24.91B. At that time, the company gave Q4 revenue guidance of $33.5B-$36.75B and Q4 operating income guidance of $80M-$1.28B, compared to $591M in the year-ago period. Amazon also reported Q3 Amazon Web Services revenue $2.085B and AWS operating income $521M. The company said Prime Day added 2% to its global revenue growth rate. NEWS: In the past quarter, ChannelAdvisor said that Amazon outpaced the industry with a 16.8% holiday SSS growth. Specifically, Amazon's SSS grew 28.9% on Thanksgiving, up 20% on Black Friday, up 20.5% on Cyber Sunday, and up 25.6% on Cyber Monday. During that time, Amazon's Fire tablet was the top-selling product. According to a Re/code report in December, Amazon is now accounting for more than half of all sales growth in U.S. eCommerce. In Q4, Amazon also announced expansions for Prime Now in Los Angeles, San Diego, Baltimore, Austin and Chicago. It began delivering alcohol in Manhattan and offered delivery from local stores in China. By the end of 2015, Amazon was offering Prime Now in 26 cities. The company plans to open fulfillment centers in Columbus, Massachusetts and Canada. It also also build an Amazon Wind Farm in Ohio. Amazon announced that it will shutter its payments service and Groupon-style daily deals service in 2016. However, it also announced that it tripled its selection of free games and apps since launching Amazon Underground. Amazon held early tests of cargo aircraft as it looks to establish its own freight operations. During the Golden Globe awards, Amazon's "Mozart in the Jungle" received two awards, while its competitor Netflix (NFLX) left empty-handed. STREET RESEARCH: In the long-term, Citi said Amazon has a path towards $20 per adjusted EPS by 2018 due to an ongoing mix shift in the retail business and stellar growth in its high margin cloud business. The company was also initiated with an Overweight at Pacific Crest, and had its price target raised at Nomura and BofA.Merrill, citing the company's aim to be part of the consumer purchase process and its lead in both eCommerce and the cloud. Piper Jaffray said Amazon's Prime membership has been the most impressive despite a large base of users. It expected Amazon to add 8M-9M Prime subscribers during the full holiday season, ahead of its previous expectation of 6M-7M. Piper Jaffray added that estimates are mis-modeling Amazon's margin expansion in 2016 and believes the company's unit growth will likely exceed expectations. Ahead of the Q4 earnings report, Stifel said Amazon revenue is expected to beat expectations due to healthy eCommerce trends, strong Prime adoption and strong adoption of AWS. Bernstein also said that the street margin outlook for Amazon continues to be too low, and believes the company is poised to beat street expectations. PRICE ACTION: Amazon.com shares are near flat over the last three months. In Thursday trading ahead of the Q3 report, Amazon.com shares are higher by 6.5%.
10:32 EDTGMCROptions with increasing implied volatility: RAD GMCR
09:38 EDTNFLXActive equity options trading on open
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07:50 EDTLRCXLam Research weakness would be a buying opportunity, says Cowen
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06:27 EDTEAElectronic Arts volatility elevated into Q4 and outlook
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January 27, 2016
19:30 EDTNFLXOn 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.
18:00 EDTNFLXFacebook 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%.
16:23 EDTLRCXLam Research slips after results
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16:13 EDTLRCXLam Research sees Q3 EPS $1.07, plus or minus 10c, consensus $1.31
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16:12 EDTLRCXLam Research reports Q2 EPS $1.57, consensus $1.43
Reports Q2 revenue $1.43B, consensus $1.41B. The company said, "Strong execution combined with our ability to capitalize on the inflection-driven market expansion continued to drive outperformance in profitable growth. We remain committed to invest proactively and broadly to create enabling value for our customers and growth for Lam. We are excited about our proposed business combination with KLA-Tencor, which upon completion will deliver a new and unmatched capability to the benefit of the global semiconductor industry."
16:01 EDTNFLXOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:34 EDTLRCXNotable 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.
12:28 EDTAPOLFor-profit education names fall after FTC sues DeVry over marketing
DeVry Education (DV) and its peers in the for-profit education space are falling after the Federal Trade Commission filed suit against the company, alleging that DeVry's advertisements "deceived" consumers about the likelihood of finding jobs in their chosen fields of study and earning more than graduates from other universities. In a related action, the Department of Education is also moving against the company for those same practices, requiring it to stop the allegedly deceptive advertisements and take steps to ensure it can verify the truthfulness of its post-graduation employment outcomes, including hiring an independent auditor and informing students of its "unsubstantiated" statistics. The Department's action comes after its investigation of DeVry found the postgraduation employment claims "have not been substantiated to the extent required by law." PRICE ACTION: Shares of DeVry crashed 13.5% to $20.54 following the news, while Apollo Education (APOL), ITT Educational (ESI) and Strayer Education (STRA) each slid over 2% and Bridgepoint (BPI) fell 1%.
12:27 EDTNFLXIndonesia telecom blocks Netflix access, WSJ says
Indonesia's state-owned PT Telekomunikasi Indonesia, or Telkom, blocked access to Netflix in the country, the Wall Street Journal reports. Telkom said it blocked access to the streaming service after it determined it didn't have a permit to operate as a content provider in Indonesia, the report says. It added that it objected to some of Netflix's available content, including what it said was violent and adult content, the report says. Reference Link
12:07 EDTAPOLDeVry sinks 19% after FTC brings enforcement action
Peers Apollo Education (APOL), Strayer (STRA), Grand Canyon (LOPE) and Bridgepoint Education (BPI) are also moving lower.
11:06 EDTNFLXStocks with call strike movement; NFLX COP
Netflix (NFLX) April 105 call option implied volatility increased 5% to 55, ConocoPhillips (COP) May 20 call option implied volatility increased 1% to 46 according to iVolatility.
10:36 EDTGMCROptions with increasing implied volatility: SNDK GMCR
09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:04 EDTNFLXNetflix could become stronger in a recession, says MKM Partners
MKM Partners analyst Rob Sanderson believes a recession would likely accelerate cord-cutting, which could improve Netflix's competitive position, and he recommends using any near-term weakness in the streaming service provider's shares to build positions. Sanderson, who calls the company's momentum in international markets "outstanding" and think Netflix's margins will be higher than incumbent media players at scale, maintains a Buy rating and $145 price target on Netflix shares.
06:10 EDTNFLXAmazon beats Netflix at Sundance deals, NY Post reports
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