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Stock Market & Financial Investment News

News Breaks
June 9, 2014
13:43 EDTGOOG, AMZN, ECOM, EBAYeBay 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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January 21, 2015
06:17 EDTAMZNOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
18:45 EDTGOOGSpaceX raises $1B, Google, Fidelity to own slightly under 10%, Bloomberg says
Elon Musk's Space Exploration Technologies Corp. has sold an approximately 10% stake to Google (GOOG) and Fidelity for $1B, Bloomberg reports. Reference Link
16:34 EDTGOOGSpacex has raised $1B, Google and Fidelity to own slightly under 10%
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13:19 EDTEBAYeBay volatility elevated into Q4 and outlook
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11:25 EDTGOOGGoogle partners with Cloudera to bring Cloud Dataflow to Spark
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11:21 EDTGOOGYouTube plans launch of original content initiative by end of 2015, Variety says
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09:52 EDTAMZNAmazon.com's Q4 revenue trending to $29.5B vs. consnesus of $29.7B at ITG
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09:38 EDTAMZNActive equity options trading
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08:17 EDTAMZNPattern Energy to supply power to Amazon Web Services
Pattern Energy Group (PEGI) announced it has entered into a 13-year power purchase agreement, or PPA, to supply power to Amazon Web Services, or AWS, an Amazon.com (AMZN) company. AWS will acquire the production from the 150 megawatt Fowler Ridge IV Wind project, to be renamed Amazon Web Services Wind Farm.
08:01 EDTAMZNAmazon Web Services to use wind farm power to supply datacenters with power
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07:00 EDTGOOGEU official calls on Google to make more concessions, NY Times says
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January 19, 2015
17:57 EDTGOOGGoogle near $1B investment in SpaceX, WSJ reports
Google is near an agreement to invest $1B in Elon Musk's SpaceX, Wall Street Journal reports, citing a person familiar with the matter. The investment would value SpaceX at more than $10B, the Journal adds. The Information earlier today reported Google was near an investment in SpaceX, but did not specify the amount. Reference Link
12:29 EDTGOOGGoogle near investment in Musk's SpaceX, The Information reports
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11:14 EDTAMZNAmazon to produce original movies for theaters, Prime Instant Video
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January 18, 2015
13:45 EDTGOOG, EBAYGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:00 EDTAMZNOptions Update; January 16, 2015
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09:37 EDTAMZNActive equity options trading
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09:09 EDTGOOGYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
07:33 EDTGOOGAlign Technology near-term risk/reward less favorable, says Credit Suisse
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06:11 EDTAMZNEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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