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Stock Market & Financial Investment News

News Breaks
June 9, 2014
13:43 EDTECOM, EBAY, GOOG, AMZNeBay 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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August 19, 2015
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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August 18, 2015
18:06 EDTAMZNAmazon tests 'Flex' package pickup service, GeekWire says
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16:00 EDTAMZNAmazon workplace policies making U.K. staff physically ill, Guardian says
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15:25 EDTGOOGGoogle introduces OnHub router
In a post to its official blog, Google said "While we count on Wi-Fi more than ever to be entertained, productive, and stay connected, we're streaming and sharing in new ways our old routers were never built to handle. So today, with our partner TP-LINK, we're launching OnHub, a different kind of router for a new way to Wi-Fi. Instead of headaches and spotty connections, OnHub gives you Wi-Fi that's fast, secure, and easy to use." Reference Link
06:39 EDTAMZNUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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06:08 EDTEBAYeBay expected to announce sale of some of Snapdeal stake, Re/code reports
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06:02 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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August 17, 2015
19:54 EDTGOOGComcast online video platform to give creators 70% share of ad revenue, WSJ says
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19:00 EDTGOOGGoogle targets 2016 U.S. launch for modular smartphone project
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16:53 EDTAMZNOn The Fly: Top stock stories for Monday
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16:14 EDTGOOGParkway Properties signs deal to bring Google Fiber to certain properties
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13:11 EDTECOMAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.
13:05 EDTEBAYeBay initiated with a Hold at Evercore ISI (pre-open)
Pre-open, Evercore ISI initiated eBay with a Hold rating and $28 price target. The firm sees balanced potential catalysts against a fundamental story that remains challenged due to increased competitive pressures.
12:42 EDTGOOGGoogle says testing Project Sunroof
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11:10 EDTAMZNAmazon's Jay Carney defends company, CBS News reports
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09:56 EDTAMZNLiberty Interactive CEO says to stay 'far away' from Amazon's business model
06:21 EDTAMZNAmazon's Bezos "doesn't recognize" NYT's Amazon, Re/code reports
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06:13 EDTAMZNAmazon's uses harsh workplace practices to reach creative goals, NYT says
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06:09 EDTAMZNAmazon CEO hails U.K.'s approach to drones, FT reports
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06:03 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
Stocks with implied volatility below IV index mean; Keurig Green Mountain (GMCR) 38, Google (GOOG) 23 according to iVolatility.
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