New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BBY;NFLX From The Last 14 Days
Check below for free stories on BBY;NFLX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
August 27, 2014
12:52 EDTBBYBest Buy rebounds after analysts defend stock
Shares of Best Buy (BBY) are advancing after a number of analysts defended the stock in the wake of the weaker than expected guidance that the company provided yesterday. WHAT'S NEW: After Best Buy yesterday morning reported slightly lower than expected second quarter revenue and estimated that its same-store sales would rise by a weaker than expected low single digit percentage in the second half of 2014, Piper Jaffray analyst Peter Keith said the results were solid while the guidance looks conservative. Best Buy's consumer electronics sales rose for the first time in several years last quarter and its U.S. comparative sales numbers were "decent," while its online sales surged 22%, Keith noted. Best Buy's sales guidance looks conservative because the retailer should benefit from the launch of Apple's (AAPL) iPhone 6 next month, while its TV sales, which are rebounding, historically become a larger part of its total sales in Q3 and Q4, the analyst wrote. He reiterated a $34 price target and Overweight rating on the shares. Meanwhile, Deutsche Bank wrote that Best Buy is significantly cutting its costs, as the firm had predicted. It believes that the retailer can reduce its costs meaningfully going forward and it kept a $33 price target and Buy rating on the stock. PRICE ACTION: In early afternoon trading, Best Buy advanced $1.49, or 5%, to $31.29. Yesterday, the stock fell nearly 7% following the company's quarterly report, which was issued before the opening bell.
11:49 EDTBBYBest Buy rallies on heavy volume, levels to watch
Volume is already running at more than 150% of the daily average, with the shares up 5.4% to $31.41. The move has nearly filled the bearish gap from yesterday, the top of which is at $31.99. That level remains resistance. Positive commentary from Piper Jaffray and Deutsche Bank this morning have helped spur the rally. Support is at $30.95.
10:36 EDTBBYOptions with decreasing implied volatility
Subscribe for More Information
07:02 EDTBBYBest Buy can cut costs further, says Deutsche Bank
Subscribe for More Information
06:56 EDTBBYBest Buy 2H14 guidance looks conservative, says Piper Jaffray
Subscribe for More Information
August 26, 2014
16:22 EDTBBYOn The Fly: Closing Wrap
Subscribe for More Information
16:02 EDTNFLXOptions Update; August 26, 2014
iPath S&P 500 VIX Short-Term Futures up 27c to 27.69. Option volume leaders: AAPL TSLA TWTR AMZN GILD JNS NFLX according to Track Data.
15:24 EDTBBYBest Buy valuation compelling, says BofA/Merrill
14:58 EDTBBYBest Buy still poised to beat Q4 expectations, says Jefferies
After Best Buy reported lower than expected Q2 revenue, Jefferies still expects the company to rebound in 2H14, with Q4 results beating expectations. The firm expects the company to benefit from positive product cycle trends in 2H14 and says that its Q2 sales were in-line with its expectations. Jefferies keeps a $38 price target and Buy rating on the shares.
14:54 EDTBBYBest Buy risk/reward favorable, says Credit Suisse
Credit Suisse remains a buyer of Best Buy and said risk/reward is favorable. The firm was not surprised by negative comps and lower earnings forecasts for the rest of the year and believes the company is poised to report Q4 upside. Shares are Outperform rated with a $40 price target.
14:47 EDTBBYBest Buy shares defended at Jefferies
Subscribe for More Information
14:17 EDTBBYInvestors should sell Best Buy, Barron's reports
Subscribe for More Information
12:24 EDTBBYOn The Fly: Midday Wrap
Subscribe for More Information
11:23 EDTBBYTRW September volatility elevated
Subscribe for More Information
11:12 EDTBBYHigh option volume stocks
Subscribe for More Information
11:09 EDTBBYBest Buy shares decline as Best Buy reports Q2 sales drop
Shares of multi-channel Best Buy (BBY) are retreating after the firm reported that sales declines continued through the second quarter. WHAT'S NEW: Best Buy's Q2 earnings per share from continuing operations was 44c, exceeding analysts' consensus estimates of 31c. The company's Q2 revenue was $8.9B, which was slightly lower than analysts' $8.99B consensus. Same-store-sales for the quarter declined 2.7%, which is better than the overall industry sales decline of 2.5% as reported by NPD. Best Buy Chief Executive Officer Hubert Joly noted that traffic to the company's brick and mortar stores continued to decline as consumers research and buy online. Joly noted that in-store conversion and online traffic continued to increase during the quarter. Joly said that in the back half of the year, the retailer plans to intensify its investments in customer-facing initiatives. Chief Financial Officer and Chief Administrative Officer Sharon McCollam reiterated that industry-wide sales are continuing to decline in many of the consumer electronics cateogries in which it competes, and said the retailer is seeing "ongoing softness" in the mobile phone category ahead of new product launches. She forecast SSS down in the low single digits for both the third and fourth quarters and sees Q3 and Q4 operating income in line with the first half of the year. For the back half of the year, McCollam sees continued industry softness and higher promotionality in Canada and China. WHAT'S NOTABLE: During the company's conference call, Best Buy said that it is "encouraged" by the response to 4K televisions and aims to expand its holiday gift centers within stores. The company's CFO McCollam said that the firm's mobile phone category is "complicated to forecast." She feels that the disruption of carriers "could have impact" that the technology retailer did not anticipate. McCollam said that despite great excitement for some high-profile phone launches, there is still a great deal of competition in the lower-end of the phone market. In terms of the start of the upcoming quarter, Best Buy feels that the beginning has been "in-line" with expectations. ANALYST OPINION: ISI analyst Greg Melich feels that Best Buy's Q2 EPS beat was due to a slightly less dramatic decrease in gross margins and improved cost controls. He feels that the market is likely to pay close attention to continued sales decreases when predicting the rest of the year despite the better than anticipated quarterly EPS results. Melich said that he will keep an eye out for positive signs that Q4 will experience an improvement given the highly promotional and competitive landscape last year. The analyst keeps the stock with a neutral rating and a $31.99 price target. PRICE ACTION: In morning trading, Best Buy fell $1.59, or 4.97%, to $30.40. OTHERS TO WATCH: Best Buy peers include RadioShack (RSH) and hhgregg (HGG).
11:01 EDTBBYBest Buy shares defended at Morgan Stanley
10:57 EDTNFLXNetflx slips after Emmy snub, competing Canadian service announced
Subscribe for More Information
09:35 EDTNFLXNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
09:35 EDTNFLXActive equity options trading on open
Subscribe for More Information
08:56 EDTBBYOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
08:54 EDTBBYBest Buy CEO says beginning of quarter has been 'in-line with expectations'
Subscribe for More Information
08:44 EDTBBYBest Buy CFO says mobile phone category 'complicated to forecast'
Subscribe for More Information
08:18 EDTBBYBest Buy CEO says 'encouraged' by response to 4K televisions
Subscribe for More Information
07:10 EDTBBYBest Buy sees Q3, Q4 operating income rate up in line with 1H
Subscribe for More Information
07:04 EDTBBYBest Buy sees ongoing softness in mobile phone category
Subscribe for More Information
07:03 EDTBBYBest Buy CFO sees SSS down in low single digits in Q3, Q4
Subscribe for More Information
07:02 EDTBBYBest Buy: Benefits of Renew Blue cost reduction drove Q2 results
Subscribe for More Information
07:01 EDTBBYBest Buy reports Q2 continuing ops EPS 44c, consensus 31c
Subscribe for More Information
August 25, 2014
16:00 EDTNFLXOptions Update; August 25, 2014
Subscribe for More Information
15:18 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Best Buy (BBY), consensus 31c; Golar LNG (GLNG), consensus (7c); DSW (DSW), consensus 32c; Tech Data (TECD), consensus 77c; Sanderson Farms (SAFM), consensus $3.82; Movado (MOV), consensus 54c; Trina Solar (TSL), consensus 14c.
15:03 EDTNFLXNetflix volatility at low end of historic range
Netflix August 8/29/14 weekly call option implied volatility is at 24, September is at 25, October is at 27, January is at 31; compared to its 26-week average of 37 according to Track Data, suggesting decreasing price movement.
14:14 EDTBBYBest Buy technical comments ahead of results
Subscribe for More Information
10:24 EDTBBYBest Buy weekly volatility increases into Q2 and outlook
Subscribe for More Information
09:35 EDTNFLXActive equity options trading on open
Subscribe for More Information
August 22, 2014
11:17 EDTNFLXOptions Update; August 22, 2014
Subscribe for More Information
06:37 EDTBBYBest Buy weekly volatility elevated into Q2 and outlook
Subscribe for More Information
05:58 EDTNFLXComcast launches streaming TV services for college campuses, WSJ reports
Subscribe for More Information
August 21, 2014
10:34 EDTNFLXOptions Update; August 21, 2014
Subscribe for More Information
09:37 EDTNFLXActive equity options trading on open
Subscribe for More Information
August 20, 2014
12:59 EDTNFLXNetflix volatility at low end of historic range
Subscribe for More Information
09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
06:13 EDTNFLXNetflix signs paid peering deal with Time Warner Cable, Gigaom reports
Netflix (NFLX) has signed a direct interconnection deal with Time Warner Cable (TWC) that would provide Netflix with direct access and faster streams, reports Gigaom. Time Warner Cable confirmed that the deal happened in June and the implementation has been rolling out this month. Reference Link
August 19, 2014
16:00 EDTNFLXOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
08:27 EDTNFLXNetflix international opportunity larger than most realize, says MKM Partners
Subscribe for More Information
August 18, 2014
16:00 EDTNFLXOptions Update; August 18, 2014
Subscribe for More Information
07:58 EDTNFLXNetflix volatility at low end of historic range
Subscribe for More Information
August 15, 2014
16:00 EDTNFLXOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
09:35 EDTNFLXActive equity options trading on open
Subscribe for More Information
August 14, 2014
17:32 EDTNFLXIcahn Associates gives quarterly update on stakes
NEW STAKES: Gannett (GCI). INCREASED STAKES: Navistar (NAV), eBay (EBAY), and Icahn Enterprises (IEP). DECREASED STAKES: Netflix (NFLX). LIQUIDATED STAKES: Forest Laboratories (FRX).
16:01 EDTNFLXOptions Update; August 14, 2014
Subscribe for More Information
11:38 EDTNFLXNetflix announces upcoming stand-up comedy slate
Subscribe for More Information
<< 1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use