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Stock Market & Financial Investment News

News For BBY;AMZN;AAPL From The Last 14 Days
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August 25, 2015
08:51 EDTBBYBest Buy says 'substantial' amount of leases expiring this year
Best Buy CFO Sharon McCollam said, there are no stores that have negative cash flow but there may be additional store closures.
08:43 EDTAAPL, BBYBest Buy to sell Apple Care in stores this quarter
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07:22 EDTAAPLWells Fargo says Apple correction overdone, upgrades to Outperform
Wells Fargo analyst Maynard Um said that his fundamental stance on Apple's challenges is unchanged, but that the stock's decline of roughly 22% since mid-July is an overdone correction, prompting him to upgrade the stock to Outperform from Market Perform. Um added that Tim Cook's email regarding iPhone activation growth in China having recently accelerated gives better visibility to the September quarter and that Apple's third party manufacturing and component commitments suggest upside potential to the company's revenue guidance. The firm has a $125-$135 price target range on Apple shares.
07:08 EDTBBYBest Buy sees Q3 flat to low-single digit domestic revenue growth
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07:06 EDTBBYBest Buy reports Q2 domestic SSS ex-items up 2.7%
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07:02 EDTBBYBest Buy sees no material changes in consumer spending in Q3
Sharon McCollam, Best Buy EVP, CAO and CFO, commented, "It is difficult to know, though, if the recent volatility in the financial markets will affect overall consumer spending. To date, however, we have not seen a measurable impact versus our original expectations. As such, our outlook assumes there will be no material changes in consumer spending in the third quarter. With that said, our year-over-year non-GAAP outlook for Q3 FY16 is as follows. In the Domestic business we are expecting (1) flat to low-single digit revenue growth; and (2) an approximately flat operating income rate change driven by a higher gross profit rate offset by increased SG&A due to inflation and growth-related investments. In the International business, due to the ongoing impacts of the Canadian brand consolidation and foreign currency, we are expecting (1) an International revenue decline of approximately 30% and (2) an International non-GAAP operating income rate in the range of negative 2.5% to negative 3.5%."
07:01 EDTBBYBest Buy reports Q2 adjusted continuing ops EPS 49c, consensus 34c
Reports Q2 revenue $8.53B, consensus $8.29B.
06:19 EDTAAPLApple upgraded to Outperform from Market Perform at Wells Fargo
August 24, 2015
18:19 EDTAMZNAmazon 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
18:02 EDTAMZNS&P 500 enters correction territory amid global growth concerns
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16:23 EDTAAPLOn The Fly: Top stock stories for Monday
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16:00 EDTAAPLOptions Update; August 24, 2015
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15:09 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
14:54 EDTAAPLApple CEO may have broken SEC rules with email, MarketWatch says
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14:52 EDTAMZNAmazon.com fades, levels to watch
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13:42 EDTAAPLApple goes negative on the session, levels to watch
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12:29 EDTBBYBest Buy technical comments ahead of results
The shares have been trading in a bearish price channel since a peak of price in March of this year. If the news continues to be bearish, the current trend will likely continue. Next support below the current price of $30.53 is at the $29.50 area, the low of the current price channel. If the news is a sharp negative surprise, next supports will be at $28.11, $27.17, and $26.60. If the news is a bullish surprise, the top of the price channel at $32.78 would be the first important upside objective. It would take a breakout above the channel top to turn the trend back toward bullish. Next resistance above the channel would be at $33.75.
12:17 EDTAAPLOn The Fly: Top stock stories at midday
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11:46 EDTAAPLApple turns positive on the session
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11:31 EDTBBYBest Buy volatility increases into Q2 and outlook
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