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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:35 EDTEBAY, BIDSotheby's, eBay to stream auctions, NY Times reports
Sotheby's (BID) and eBay (EBAY) intend to announce that they will cooperate to stream most of Sotheby's New York auctions on eBay's website, according to The New York Times. The announcement is expected to be made later today, the newspaper stated. Sotheby's plans to eventually allow eBay to also stream online only auctions and auctions occurring in other cities, the newspaper added. Reference Link
News For BID;EBAY From The Last 14 Days
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September 30, 2015
09:50 EDTBIDCFA Society of Cleveland to hold a dinner meeting
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September 28, 2015
08:53 EDTEBAYMercadoLibre downgraded to Sell from Neutral at Citi
Citi downgraded MercadoLibre (MELI) to Sell with an $80 price target citing unfavorable currency moves and slower growth assumptions for Brazil. The stock is three times more expensive than eBay (EBAY), Citi tell investors.
07:38 EDTEBAYBox to hold a user conference
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September 24, 2015
08:51 EDTEBAYCiti cuts Twitter estimates below consensus, drops target to $30
Citi analyst Mark May says his analysis indicates the consensus estimates for Twitter (TWTR) may be too high as they assume "meaningful increases" in monetization which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter to 30c, 34c and 58c, respectively, well below the consensus estimates of 34c, 63c, and $1.03. He also cut his 2016 revenue estimate to 3% below the consensus. It will be difficult for the stock to achieve sustained multiple expansion until user growth accelerates and/or revenue growth stabilizes, May tells investors in a research note. He moved the stock to Citi's "High Risk" designation given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term. He keeps a Neutral rating on the name. May's top picks among U.S. Internet stocks remain Facebook (FB), (AMZN) and eBay (EBAY).
06:39 EDTEBAYJPMorgan sees 'choppy' near-term outlook for eBay, cuts target to $32
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