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News Breaks
June 3, 2014
05:51 EDTBRCM, GOOGLStocks with implied volatility movement; BRCM GOOGL
Stocks with implied volatility movement; Broadcom (BRCM) 22, Google Class A (GOOGL) 20 according to iVolatility.
News For BRCM;GOOGL From The Last 14 Days
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February 1, 2016
19:15 EDTGOOGLAlphabet overtakes Apple as most valuable public company
Shares of Alphabet (GOOG, GOOGL) surged after the company reported fourth quarter results Monday, with after-hours stock prices signaling it has overtaken Apple (AAPL) as the world's most valuable publicly traded company. WHAT'S NEW: Alphabet reported Q4 EPS of $8.67, above analyst expectations of $8.10, and Q4 revenue of $21.33B, above consensus estimates of $20.77B. WHAT'S NOTABLE: Alphabet reported that Google's aggregate paid clicks were up 31% in Q4, while paid clicks on Google Network Members' websites were up 2%, aggregate cost-per-click was down 13%, cost-per-click on Google websites was down 16%, and cost-per-click on Google Network Members' websites was down 8%. PRICE ACTION: Alphabet's Class A shares under ticker symbol GOOGL are up 4.65% to $806.61 while its ordinary shares under symbol GOOG are up 5.25% to $791.50 in after-hours trading. Shares of Apple, meanwhile, are down fractionally to $96.18. According to CNBC, those after-hours levels, though not yet indicating real world value, represent a market capitalization of roughly $570B for Alphabet, surpassing Apple's market cap of $535B.
19:09 EDTGOOGLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alphabet (GOOG, GOOGL), up 5.2% and 4.7%, respectively... Mattel (MAT), up 5.6%... Anadarko Petroleum (APC), up 4%... AFLAC (AFL), up 1.5%. ALSO HIGHER: PVH Corp. (PVH), up 8.1% after giving guidance for fiscal 2015 and entering a license agreement with G-III Apparel (GIII) for Tommy Hilfiger womenswear collections. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 15.8%... Rent-A-Center (RCII), down 9.6%. ALSO LOWER: Pixelworks (PXLW), down 5.7% after giving fourth quarter guidance and announcing the resignation of its CEO... PDL BioPharma (PDLI), down 14.3% after cutting its quarterly dividend to 5c per share from 15c per share.
16:59 EDTGOOGLGoogle plans more control over Nexus phone in bid for high-end, Information says
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16:09 EDTGOOGLAlphabet share repurchase program has $3.7B remaining
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16:08 EDTGOOGLAlphabet CFO says 'strong' Q4 revenue growth driven by mobile, YouTube
Ruth Porat, CFO of Alphabet said: "Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we've been investing for many years. We're excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people."
16:07 EDTGOOGLAlphabet reports Google segment operating income $23.43B in FY15
Reports Google segment revenues of $74.54B and operating income of $23.43B for the twelve months ended December 31, 2015. For "Other Bets," reports FY15 revenues of $448M and operating loss of $3.57B.
16:04 EDTGOOGLAlphabet reports Google aggregate paid clicks up 31% in Q4
Alphabet reports Google aggregate paid clicks up 31%, Paid clicks on Google websites up 40%, Paid clicks on Google Network Members' websites up 2%, Aggregate cost-per-click down 13%, Cost-per-click on Google websites down 16%, and Cost-per-click on Google Network Members' websites down 8%.
16:02 EDTGOOGLAlphabet Class A shares up $54.62 to $825 following Q4 earnings
16:02 EDTGOOGLAlphabet reports Q4 EPS $8.67, consensus $8.10
Reports Q4 revenue $21.33B, consensus $20.77B.
15:20 EDTGOOGLAlphabet Class A call put ratio 1.99 to 1
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14:32 EDTGOOGLNotable companies reporting after market close
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13:42 EDTGOOGLEarnings Watch: Alphabet to report Q4 results under new corporate structure
Alphabet (GOOG, GOOGL) is expected to report fourth quarter earnings after the market close on Monday, February 1 with a conference call scheduled for 4:30 pm ET. Alphabet is a multinational conglomerate that serves as the parent company of Google, Calico, GV, Google Capital, and Nest Labs. EXPECTATIONS: Analysts are looking for earnings per share of $8.09 on revenue of $20.77B. The consensus range is $7.32-$8.59 for EPS, and $20.33B-$21.68B for revenue, according to First Call. LAST QUARTER: Alphabet reported third quarter EPS of $7.35 against estimates of $7.21, on revenue of $18.7B against estimates of $18.53B. Google reported Q3 aggregate paid clicks up 23%, paid clicks on Google websites down 5%, aggregate cost-per-clicks down 11%, and cost-per-click on Google websites down 4%. The company also reported Q3 Sites revenue up 16% to $13.08B and Q3 Total advertising revenue up 13% to $26.78B. During its Q3 earnings report, the company said it will begin to disclose the Google business as a single segment in Q4. It also announced that the board authorized the company to repurchase $5.1B of Class C shares in Q4. GOOGLE SEGMENT: Alphabet announced that it will report Google as a single segment within its company beginning in Q4. It stated, "The new operating structure is being introduced in phases. For financial reporting purposes, we expect the reorganization will result in disclosing our Google business as a single segment and all other Alphabet businesses combined as Other Bets beginning in the fourth quarter of 2015." Within Alphabet, the Google segment now has 6 products with over 1B users, including Search, Maps, YouTube, Chrome, Android and Google Play. Gmail is also closing in on the mark with its 900M user base. RBC Capital believes that the disclosure of segment results by Google in conjunction with its Q4 results will cause the stock to rerate. The firm believes that the segment results will highlight the high profits of core Google, supporting an increase in the stocks' sum of the parts valuation. NEWS AND STREET RESEARCH: In the past quarter, Alphabet had a strong holiday season with ChannelAdvisor reporting Google Shopping was up 31.7% over the entire holiday period. Specifically, Google Shopping was up 35.9% on Thanksgiving, up 40.3% on Black Friday, up 25.7% on Cyber Saturday, and up 18.6% on Cyber Monday. Alphabet announced the redesigned launch of Google+ in November, the exploration of Fiber in Chicago and Los Angeles, and announced plans to open its first retail store in New York City. The company also targets the China launch of the Google Play app store in 2016, according to multiple reports. Lenovo (LNVGY) CEO Chen Xudong confirmed that Google Play is expected to come to China at some point this year. The company is expected to make its self-driving car company under the Alphabet structure as a stand-alone business. Ford (F) and Google are in discussions over self-driving cars, with the currently negotiated contract likely to "last a long time." According to a Reuters report, Google expects fewer software failiures in self-driving cars as it learns from its mistakes. Google tested solar-powered Internet drones and expects consumer package delivery via drone to begin in 2017. Google is also in talks with the NFL for streaming rights for London games next year. STREET RESEARCH: Oppenheimer said cloud providers like Alphabet may have a huge opportunity in the coming years. The firm said Alphabet may look for a major partner like Salesforce (CRM) to drive its cloud business. Cantor said Google ad revenue growth should continue to be strong and BMO Capital said Alphabet's outlook has improved as valuation has become more reasonable. Bernstein said the Street continues to underestimate the resilience and growth potential of Alphabet's search ad business and YouTube. Barron's, in particular, was extremely positive on YouTube, saying its revenue per viewer could potentially double in five years. It added it could be twice as valuable as Netflix (NFLX). JMP Securities was also bullish on the company, saying Alphabet benefitted from a relatively strong holiday season for online advertising. Ahead of its Q4 earnings report, JMP Securities expects the company to report "relatively strong" results. PRICE ACTION: Google shares have gained about 6% over the last three months. In Monday afternoon trading ahead of the Q4 report, Google shares are up almost 2%
12:56 EDTGOOGLAlphabet Class A February weekly 767.50 straddle priced for 6.9% move into Q4
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12:04 EDTGOOGLAlphabet Class A volatility elevated into Q4 and outlook
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10:00 EDTGOOGLAlphabet Class A technical notes ahead of earnings
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09:20 EDTGOOGLU.K. opposed to EU sanctions against Google-favored Bermuda, Observer says
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08:20 EDTGOOGLTwitter jumps after The Information breaks potential deal
Shares of Twitter (TWTR) are rising in pre-market trading after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen and have "considered some sort of deal" for the microblog service operator. WHAT'S NOTABLE: Lessin said in her report published on her site, The Information, that she did not know if deal considerations are "active" now with Andreessen and private equity firm Silver Lake. Silver Lake calls itself "the global leader in technology investing," stating that it has over $26B in combined assets under management. FREQUENT SPECULATION TARGET: Twitter has often been the subject of takeover rumors in the past year. Last April, Re/code's Kurt Wagner reported that Google (GOOG) and Facebook (FB) had looked at a potential acquisition of Twitter in the past, but noted at that time that neither tech giant was in discussions to acquire the social network owner. On January 20, News Corp. (NWSA) declined comment to CNBC regarding speculation about its potential interest in acquiring Twitter. Speculation also circulated the same day regarding an activist investor taking an interest in Twitter, trading sources told The Fly. PRICE ACTION: In pre-market trading near 8:15 am ET, Twitter rose 7% to $18 per share.
08:09 EDTGOOGLOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
08:07 EDTGOOGLAlphabet Class A volatility elevated into Q4 and outlook
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06:14 EDTGOOGLGoogle tests solar-powered internet drones, Guardian reports
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