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Stock Market & Financial Investment News

News Breaks
June 9, 2014
13:43 EDTEBAY, AMZN, GOOG, ECOMeBay slips after May SSS estimate, Amazon payment launch
Shares of eBay (EBAY) are slipping after e-commerce peer Amazon (AMZN) launched a new online subscription payment service and data released late Friday estimated the impact that eBay's recent data breach may have had on its merchandise volume growth. WHAT'S NEW: Reuters reported that Amazon is aiming to begin managing subscription payments for start-ups and other companies with the launch of its new service, which is the e-commerce giant's latest motion into the territory of PayPal, eBay's payments division, over the past twelve months. WHAT'S NOTABLE: Data released late on Friday by ChannelAdvisor (ECOM), a provider of information and research for retailers, estimated that eBay's same-store-sales rose 11.5% in May, which was down from April's 14% growth. ChannelAdvisor noted that eBay had "unusual" events happen during the month, pointing out that on May 21 eBay announced they were dealing with a data breach from hackers and, the next day, reports said that Google's (GOOG) Panda 4.0 release caused anywhere from 40-80% of eBay's pages to be de-indexed. ANALYST REACTION: Piper Jaffray analyst Gene Munster said that ChannelAdvisor's May SSS report for eBay and the disclosure of the before and after breach impacts to gross merchandise volume growth show that eBay decelerated from about 13% before the breach to about 8% after the breach. Munster feels that this implies U.S. GMV growth was in-line with the firm's lowered estimate. Piper Jaffray anticipates that June data will see a similar affect from the security breach. While Munster says his long-term view of eBay is intact, he feels that Wall Street consensus expectations for eBay's June performance are likely still too high given the chances for lower GMV growth. The firm keeps an Overweight rating on eBay. PRICE ACTION. During afternoon trading, shares of eBay slipped 8c, or 0.2%, to $49.62.
News For EBAY;AMZN;GOOG;ECOM From The Last 14 Days
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October 9, 2014
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
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14:35 EDTAMZNAmazon.com falls to lows of the day, levels to watch
The shares are down over 2% and just off the lows of the session at $315.33. At current price, resistance is at $317.13. Support is at $315.33 and then at $314.14.
14:34 EDTAMZNAmazon plans first physical retail store in NYC, WSJ reports
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14:28 EDTEBAYIcahn says Andreesen should be removed from eBay board
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14:23 EDTAMZNAmazon plans first physical retail store in NYC, DJ reports
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09:38 EDTEBAYActive equity options trading on open
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06:33 EDTAMZNCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTAMZN, GOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
17:53 EDTAMZNAmazon.com expands operations in Costa Rica, creates more than 1,000 new jobs
Amazon Support Services in Costa Rica inaugurates its fourth service center and announces 1,000 new jobs at its offices located in Calle Blancos and Lagunilla. The Earth's most customer centric company offers seasonal jobs and permanent positions with open dress code, paid training, transportation, doctor on site, plus others. The new operation comes as part of the $19M accumulated investment by 2014. With the company's expansion and the ongoing hiring of staff at its other sites, Amazon expects to employ more than 3,000 persons in Costa Rica by the end of 2014.
16:26 EDTEBAYOn The Fly: Closing Wrap
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16:01 EDTAMZNOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
12:41 EDTEBAYeBay ChannelAdvisor data confirms company guidance, says Piper Jaffray
Piper Jaffray noted ChannelAdvisor reported eBay's same-store sales grew 8.9% in September, which confirms the company's reiterated guidance when it announced its planned PayPal spin-off. The firm maintains its Neutral rating on eBay.
11:41 EDTAMZNJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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09:42 EDTAMZN, EBAYeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
08:10 EDTEBAYeBay survey suggests upswing in growth, says RW Baird
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07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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06:53 EDTAMZNAmazon has not enacted Luxembourg special tax agreements, Reuters says
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06:13 EDTAMZNNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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