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Stock Market & Financial Investment News

News Breaks
August 12, 2014
07:20 EDTBABA, EL, BURBYAlibaba seen luring more luxury brands to Tmall, WSJ says
Some big luxury brands have shied away from Alibaba's (BABA) Tmall site because of steep discounting, but Burberry (BURBY) and Estee Lauder (EL) opened storefronts there this year and a number of analysts say that it is only a matter of time before more big names in luxury join, said The Wall Street Journal. Reference Link
News For BABA;EL;BURBY From The Last 14 Days
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October 16, 2014
16:10 EDTBABABrean starts Alibaba at Buy, calls core China Internet holding
Brean Capital rolled out coverage on shares of Alibaba (BABA) with a Buy rating $110 price target, calling the stock a core holding in the China Internet space. Brean believes Alibaba gives investors exposure to "robust Chinese secular ecommerce growth." The stock closed the trading day up $3.25 to $88.85.
16:05 EDTBABAAlibaba initiated with a Buy at Brean Capital
Target $110.
06:56 EDTBABAAlibaba changes payment unit's name, adopts strategy, Reuters reports
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06:16 EDTBABAAlipay Wallet has over 190M active users, WSJ reports
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October 15, 2014
08:04 EDTELEstee Lauder acquires Le Labo
Estée Lauder announced that it has signed a definitive agreement to acquire Le Labo. Terms of the deal were not disclosed. The acquisition is expected to close in November. Le Labo will be overseen by John Demsey, The Estée Lauder Companies’ Group President, responsible for Estée Lauder, M·A·C, Tom Ford, Prescriptives, Bobbi Brown, Jo Malone, La Mer, Bumble and bumble, Smashbox and Aramis & Designer Fragrances.
October 14, 2014
10:19 EDTBABAAlibaba initiated with a Buy at BofA/Merrill
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10:05 EDTBABAAlibaba volatility flat as shares trend to post IPO lows
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07:12 EDTBABAAlibaba initiated with a Buy at UBS
Target $100.
05:58 EDTBABACostco debuts in China through Alibaba Tmall platform
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October 13, 2014
12:13 EDTBABAYahoo upgraded as BGC sees higher chances for tax efficient monetization
Research firm BGC Partners upgraded its rating on Yahoo (YHOO) to Buy from Hold, saying that the chances of the company monetizing its assets in a more tax efficient manner have increased now that Alibaba (BABA) has come public. Among the possible scenarios, Yahoo may be acquired by Alibaba, the firm added. WHAT'S NEW: Yahoo's chances of paying a relatively low tax rate on the sale of its stakes in Alibaba and Yahoo Japan, a Japanese Internet company, have risen, BGC Financial analyst Colin Gillis stated. Yahoo could owe up to $15B of taxes on its sale of the assets, the analyst estimated. If Yahoo pays full tax liability, its stakes would be worth $43.5B. If it pays no taxes, the assets would be worth $58.5B, he estimated. Gillis set his price target on Yahoo at $50, representing the midpoint of the two scenarios, he stated. Among various scenarios that could play out, Alibaba could choose to buy Yahoo and subsequently unload Yahoo's core business and the American company's stake in Yahoo Japan, the analyst said. Yahoo shareholders could receive cash and shares of Alibaba as part of such a deal, Gillis stated. If Yahoo is not acquired by Alibaba, the American company should combine with AOL (AOL), as recently proposed by activist investor Starboard Value, Gillis contended. Merging with AOL could accelerate Yahoo's revenue growth by over 50% and increase its EBITDA by over 35%, Gillis estimated. PRICE ACTION: In early afternoon trading, Yahoo fell 1% to $39.18.
09:28 EDTBABAYahoo upgraded to Buy from Hold at BGC Financial
BGC Financial analyst Colin Gillis upgraded his rating on Yahoo (YHOO) shares to Buy saying the company's remaining assets should get monetized in a more tax efficient manner now that Alibaba (BABA) is public. Gillis also points out that Alibaba could see benefits from acquiring Yahoo. He raised his price target for Yahoo shares to $50 from $37.
08:16 EDTBABAAlibaba to invest about $1.6B in rural expansion, Marbridge Daily says
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October 9, 2014
08:07 EDTBABAAlibaba invests in Peel app, Re/code reports
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October 8, 2014
10:00 EDTBABAOn The Fly: Analyst Initiation Summary
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07:56 EDTBABAAlibaba volatility decreases on tight share price movement
Alibaba October call option implied volatility is at 30, November is at 35, December is at 37; compared to its 1-week average of 38 according to Track Data, suggesting decreasing price movement.
07:17 EDTBABAAlibaba initiated with a Neutral at Macquarie
Macquarie initiated Alibaba with a Neutral and $88 price target citing valuation.

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