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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 20, 2014
06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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06:01 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
05:59 EDTAMZNStocks with implied volatility above IV index mean; DISH AMZN
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05:27 EDTEBAYeBay announces resignation of Marc Andreessen from board
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October 17, 2014
16:55 EDTGOOG, EBAYStocks end volatile week lower amid oil price plunge
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16:01 EDTAMZNOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
12:11 EDTEBAYeBay announces launch of domestic selling in Russia
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09:38 EDTGOOGActive equity options trading on
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09:22 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to take a step back, to pause to consider, I hope, a change of course, and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:22 EDTAMZNStocks with implied volatility above IV index mean; GT AMZN
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06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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