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Stock Market & Financial Investment News

News For BBRY;GOOG;SSNLF From The Last 14 Days
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August 26, 2015
17:58 EDTGOOGAndroid Pay not launching this week, TechCrunch says
Google's (GOOG) Android Pay -- a mobile payment service set to compete with Apple's (AAPL) Apple Pay platform -- will not be launching this week despite various reports to the contrary, says TechCrunch, citing sources familiar with Google's plans. Reference Link
16:26 EDTGOOGOn The Fly: Top stock stories for Wednesday
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10:12 EDTGOOGGoogle climbs after Goldman upgrade, Cantor endorsement
The shares of Google (GOOG, GOOGL) are rallying after Goldman Sachs upgraded the search giant's stock and Cantor Fitzgerald named the stock as one of the top five Internet names to buy amid the market's recent selloff. WHAT'S NEW: Google is in the early innings of a long-term margin expansion process as the search giant intensifies its focus on cost cutting, Goldman analyst Heather Bellini wrote in a note to investors today. Moreover, after conducting checks, Bellini is more upbeat on the company's ability to increase its monetization of YouTube and mobile search. The analyst, who believes that cost cutting combined with the increased monetization is starting to move the needle for the company, hiked her price target on Google's Class A stock to $800 from $660, upgraded the stock and added the shares to Goldman's Americas Conviction List. Meanwhile, Cantor Fitzgerald analyst Youssef Squali named Google as one of his top five Internet stocks to buy amid the market's recent volatility. Google is "relatively resilient," given its 91% share of the global search market as of July and its $61B of net cash as of the end of Q2, the analyst believes. Moreover, the company has virtually no exposure to China and its new corporate structure should improve its transparency, Squali believes. He kept a $720 price target and Buy rating on the stock. WHAT'S NOTABLE: The other four companies on Squali's list of top Internet stocks are Amazon (AMZN), Priceline (PCLN), Facebook (FB), and Alibaba (BABA). PRICE ACTION: In early trading, Google's Class A shares rose 4.4% to $640 and its Class C shares advanced nearly 5% to $610.
09:25 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
07:25 EDTGOOGCantor names top five Internet names to buy during selloff
Cantor Fitzgerald analyst Youssef Squali said he "won't attempt to call the bottom" but identified his top five Internet and Media names to buy amid the recent market volatility, all of which have dominance in their respective markets, higher than peer level growth and valuations that he views as reasonable. Squali, who noted that he views concerns over macro risks and China to be overblown, called out Google (GOOG), Amazon (AMZN), Priceline (PCLN), Facebook (FB) and Alibaba (BABA) as having an attractive risk/reward given the selloff in recent sessions. The firm has Buy ratings on all five of the stocks named above.
06:31 EDTSSNLFSamsung Note 5 S pen may have a design flaw, Android Police reports
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06:22 EDTGOOGGoogle fear Verizon, T-Mobile cell signs could crowd WiFi channels, WSJ says
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06:22 EDTGOOGGoogle Ventures makes investment in Swedish gaming studio, Tech.eu reports
Swedish gaming studio Resolution Games has raised a $6M round led by Google Ventures US, Tech.eu reports. This is the first time Google Ventures has invested in a European firm that isn't based in the U.K., the report says. Reference Link
06:11 EDTGOOGGoogle upgraded to Conviction Buy from Neutral at Goldman
Goldman analyst Heather Bellini upgraded Google (GOOGL) to Buy and added shares to the Conviction Buy List. Bellini said Google is in the early stages of a multi-year cycle to expand margins, which will drive earnings outperformance and multiple expansion. Says management is signaling increased focus on cost controls given recent earnings call commentary and the new Alphabet operating structure. Additionally, Goldman's marketing executive checks indicate accelerating monetization for mobile search and YouTube. The firm's analyst team raised Google's price target to $800 from $660 on shares.
August 25, 2015
18:13 EDTGOOGYouTube to launch video game streaming site Wednesday, TechCrunch says
Google's (GOOG) YouTube plans to launch its "YouTube Gaming" streaming site on Wednesday, August 26, reports TechCrunch. The video game streaming site was developed after Google lost a bidding war with Amazon (AMZN) for the popular streaming site Twitch.tv, notes TechCrunch. Reference Link
17:50 EDTSSNLFFormer TSMC employee may have leaked secrets to Samsung, China Post says
The Taiwanese Supreme Court has barred a former TSMC (TSM) employee from working for Samsung (SSNLF) following claims that he leaked trade secrets to the Korean firm, reports the China Post. According to evaluations of computer chips from the two companies, differences in chip technology between Samsung and TSMC have quickly decreased in recent years, the report noted. Reference Link
14:20 EDTGOOGMagister sees Twitter as potentially attractive target, MarketWatch reports
M&A advisory firm Magister Advisors believe Twitter (TWTR) could be an attractive acquisition target for Facebook (FB), Google (GOOG) or a news organization, according to MarketWatch's Caitlin Huston. Reference Link
14:11 EDTGOOGAnalysts say Facebook looks solid amid virtual reality, social media trends
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13:13 EDTGOOGGerman court rejects Apple 'slide to unlock' patent appeal, Reuters says
The German Federal Court of Appeals has ruled that Apple's (AAPL) patents covering its "slide to unlock" smartphone feature are invalid, reports Reuters. The patent dispute was originally filed by Motorola Mobility, previously owned by Google (GOOG) but now a unit of Lenovo (LNVGY), according to the report. Reference Link
09:13 EDTGOOGTrends still positive for Google, Amazon, Facebook ahead of holidays, says Baird
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06:26 EDTGOOGGoogle's Nest Labs developing new 'wireless device,' Business Insider reports
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06:18 EDTGOOGNetflix to add properties focused on teens and 'tweens,' NYT reports
Netflix (NFLX) will add a number of exclusive films and television programs focused on teenagers and "tweens," the New York Times reports. Some of the properties recently licensed by the streaming service include "Smosh: The Movie" from the creators of the YouTube (GOOG) channel of the same name and "Bad Night" featuring YouTube stars Jenn McAllister and Lauren Luthringshausen, the report says.
06:06 EDTGOOGStocks with implied volatility below IV index mean; S GOOG
Stocks with implied volatility below IV index mean; Sprint (S) 77, Google (GOOG) 41 according to iVolatility.
August 24, 2015
19:10 EDTGOOGEU requests additional comments on Google anti-trust practices, Register says
After sending questionnaires to Google's competitors and customers earlier in the year, the European Commission has again sent out questionnaires asking for input on the company's potentially anti-competitive practices, reports the Register, citing a source close the Commission investigation. Reference Link
18:19 EDTGOOGAmazon hardware executive takes job at Google, Re/code says
Jon McCormack, CTO of Amazon's (AMZN) Devices unit, has left the company for the second time in one year to work in Google's (GOOG) Advanced Technologies and Products, or ATAP, arm, Re/code reported earlier. The report adds that one of ATAP's projects is the modular smartphone concept "Ara," which recently targeted a 2016 U.S. launch. Reference Link
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