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News Breaks
January 26, 2014
16:04 EDTEBAY, GSGoldman said to be advising eBay amid Icahn pressure, Bloomberg says
Goldman Sachs (GS) is said to be advising eBay (EBAY) as activist investor Carl Icahn pressures the company to spin-off its PayPal unit to unlock shareholder value, says Bloomberg. Goldman has advised eBay on a number of issues in the past, added Bloomberg. Reference Link
News For EBAY;GS From The Last 14 Days
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December 1, 2015
08:50 EDTEBAYCyber Monday sales up 12% to record $2.98B, according to Adobe
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November 30, 2015
19:23 EDTGSOn Deck Chief Architect departs for Goldman Sachs
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18:38 EDTEBAYChannelAdvisor says Cyber Monday SSS up 16.8% through 3 pm
In an update to its Thanksgiving sales data, market researcher ChannelAdvisor reported that Cyber Monday same-store sales were up 16.8% through 3 pm ET. Amazon (AMZN) comp sales were up 25.6% relative to last year while those of eBay (EBAY) were up 3.2%. ChannelAdvisor commented, "Historically, Cyber Monday has peaked late in the evening, [and] so far the day is accelerating." Note that ChannelAdvisor's report near noon reported overall Cyber Monday SSS up 13.3%, with Amazon and eBay showing respective comp sales growth of 22.4% and 1.9% at that time. Reference Link
14:19 EDTEBAYMastercard: Online up, department stores flat over Thanksgiving, Reuters reports
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13:15 EDTEBAYChannelAdvisor says Cyber Monday SSS up 13.3% through noon
ChannelAdvisor reports that Cyber Monday same-store-sales are up 13.3% through noon. (AMZN) comp sales are up 22.4% relative to last year and eBay (EBAY) is up 1.9%. Reference Link
09:14 EDTEBAYAmazon 'Cyber Sunday' SSS up 20.5%, eBay SSS up 4.5%, ChannelAdvisor says
In a continuation of its series of holiday weekend updates, market researcher ChannelAdvisor said (AMZN) "Cyber Sunday" same-store sales rose 20.5% and eBay's (EBAY) SSS grew 4.5%. Google Shopping/PLA (GOOG) SSS growth came in at 23.7% for Cyber Sunday, the blog added. Reference Link
08:46 EDTEBAYAmazon SSS rose over 20% on Black Friday, Cyber Saturday, ChannelAdvisor says
ChannelAdvisor reported in blog posts over the holiday weekend that (AMZN) outperformed the 15% e-commerce growth benchmark with same-store sales estimated to grow by 20.8% on Black Friday and by 20.6% on Cyber Saturday. eBay (EBAY) SSS increased 1.5% year-over-year on Black Friday and 3.6% on Cyber Saturday, ChannelAdvisor said. Google Shopping/PLA (GOOG, GOOGL) SSS grew 40.3% on Black Friday and by 25.7% for Cyber Saturday, the blog added. Reference Link
November 27, 2015
12:55 EDTEBAYBlack Friday online spending estimated up 15% in early read, Bloomberg reports
Adobe said in an e-mailed statement to Bloomberg that early data show a 15% increase in online spending compared to last year, with $822M spent online between midnight and 11 am this Black Friday morning.
11:15 EDTEBAYChannelAdvisor says Amazon SSS up 29% on Thanksgiving, eBay up 7%
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08:40 EDTGSLarge Banks reduce number of loans to small businesses, WSJ says
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08:26 EDTEBAYAdobe says U.S. e-commerce sales surged on Thanksgiving, Bloomberg reports
Adobe Systems estimated that online shoppers in the U.S. spent $1.1B by 5 pm ET on Thanksgiving and projected that $1.7B would be spent in online shopping by day's end, a 22% jump from last year, reported Bloomberg. Major e-commerce players that may benefit from the surge in spending include (AMZN) and eBay (EBAY), while companies with omnichannel presences including e-commerce and brick-and-mortar locations include Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Macy's (M). Reference Link
07:39 EDTGSBofA, Barclays, other banks sued over rate-swap market block, Bloomberg says
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November 25, 2015
12:46 EDTGSFederal Reserve approves final rule for capital plan and stress test regulations
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10:29 EDTEBAYeBay says working to resolve issues some users are experiencing
In a tweet to its official Twitter account, eBay states: "We're aware that some users are experiencing issues & we're working to resolve. We apologize for any inconvenience! Stay tuned for updates." Reference Link
10:04 EDTEBAYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21Vianet (VNET) downgraded to Neutral from Overweight at JPMorgan... Anglo American (AAUKY) downgraded to Reduce from Hold at HSBC... Boulder Brands (BDBD) downgraded to Market Perform from Outperform at William Blair... Cracker Barrel (CBRL) downgraded to Hold from Buy at Argus... HP Inc. (HPQ) downgraded to Hold from Buy at Needham... PTC Therapeutics (PTCT) downgraded to Underperform from Hold at Jefferies... SunEdison (SUNE) downgraded to Sell from Neutral at UBS... TerraForm Power (TERP) downgraded to Sell from Neutral at UBS... Tiffany (TIF) downgraded to Neutral from Buy at Monness Crespi... Valspar (VAL) downgraded on negative catalysts at RBC Capital... eBay (EBAY) downgraded to Buy from Conviction Buy at Goldman.
06:46 EDTEBAYeBay downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Heath Terry removed eBay from the Conviction Buy List due to share outperformance. Terry maintains his Buy rating and increased his price target to $33 from $30 on shares, citing a more focused strategy following the PayPal spinoff, investments in technology and marketing to support Marketplaces, ongoing capital returns and what he views as a favorable risk/reward ratio.
06:17 EDTGSThree Goldman Sachs bankers leave for Uber, Reuters reports
Three bankers in Goldman Sach's technology investment banking group have left the company to take positions at Uber in recent months, reports Reuters, citing people familiar with the matter. Goldman does not disclose attrition figures, but has lost enough employees to startups and private equity firms that it announced earlier a series of changes designed to retain more junior employees. Reference Link
November 24, 2015
15:05 EDTGSFed to provide means for banks examiners to express divergent views
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07:45 EDTGSSunEdison places 400MW of solar capacity on sale, Economic Times says
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November 18, 2015
08:55 EDTGSMorgan Stanley exec sees Q4 not much better than Q3 for banks, DJ reports
Morgan Stanley (MS) Institutional Securities President Colm Kelleher cautioned that fixed-income markets "still seem subdued," according to Dow Jones, citing his comments at an investment conference. Morgan Stanley was among the banks that reported lower revenue from fixed-income, currency and commodities trading during the third quarter and Kelleher said he doesn't think "the fourth quarter is going to be much better," the report noted. Large bank peers to Morgan Stanley include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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