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Stock Market & Financial Investment News

News Breaks
April 10, 2014
12:52 EDTNFLX, EBAYCarl Icahn says eBay separation 'not if but when'
Carl Icahn on CNBC said he believes a separation of eBay (EBAY) is "not if but when." Icahn likened eBay at current levels to his profitable initial investment in Netflix (NFLX). The investor still thinks eBay is undervalued. Earlier today, Icahn ended his proxy fight with the online auction site. Shares of eBay are down 2% to $54.79 in afternoon trading.
News For EBAY;NFLX From The Last 14 Days
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January 28, 2016
07:33 EDTEBAYeBay share selloff 'feels overdone,' says JPMorgan
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05:55 EDTEBAYeBay price target lowered to $25 from $30 at Piper Jaffray
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January 27, 2016
19:30 EDTEBAY, NFLXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:40 EDTEBAYeBay drops, PayPal climbs after quarterly results
Shares of eBay (EBAY) and PayPal (PYPL) diverged after the recently-split companies reported their respective fourth quarter results and gave guidance for the first quarter and fiscal 2016. WHAT'S NEW: eBay reported Q4 adjusted earnings per share of 50c, compared to consensus estimates of 50c, and Q4 revenue of $2.32B, in-line with analyst expectations of $2.32B. eBay provided Q1 adjusted EPS guidance of 43c-45c, below analyst estimates of 48c, and Q1 revenue guidance of $2.05B-$2.1B, against analyst expectations of $2.16B. eBay also gave FY16 adjusted EPS guidance of $1.82-$1.87, below analyst estimates of $1.98, and FY16 revenue guidance of $8.5B-$8.8B, below consensus expectation of $8.99B. PayPal reported Q4 adjusted EPS of 36c, above analyst estimates of 35c, and Q4 revenue of $2.56B, above consensus expectations of $2.51. PayPal gave Q1 adjusted EPS guidance of 34c-36c, above analyst estimates of 35c, and Q1 revenue guidance of $2.47B-$2.52B, compared to consensus expectations of $2.48B. PayPal also gave FY16 adjusted EPS guidance of $1.45-$1.50, compared to analyst estimates of $1.49, and FY16 revenue guidance of $10.5B-$10.7B, against consensus expectations of $10.68B. WHAT'S NOTABLE: eBay reported that its Q4 active buyer base was up 5% to 162M. The company also reported Q4 gross merchandise volume of $21.9B, while Marketplace GMV was $20.7B, and StubHub GMV was $1.2B. PayPal reported that Q4 total payment volume was up 29% to $82B and the active account base increased by 6.6M to 179M in Q4. Its Venmo subsidiary processed $2.5B of TPV in Q4, an increase of 174% year-over-year. PayPal also announced a new $2B share repurchase program. ANALYST REACTION: Piper Jaffray analyst Gene Munster issued a note following eBay's earnings announcement reiterating the firm's Neutral rating. Munster explained that eBay's disappointing guidance is consistent with his belief that the company will continue to struggle to return to eCommerce growth amid the structural shift away from eBay's intensive search model and towards automated, simplified online commerce platforms. Munster argued that repositioning eBay's brand in the consumer's mind will continue to be a challenge, though given the stock's valuation, those expectations appear to be priced in. PRICE ACTION: Shares of eBay are lower by 12.38% to $23.15 in after-hours trading, while shares of PayPal are up 5% to $33.18. TECHNICAL ANALYSIS: At eBay's current price, the next support is at $22.11, the 52-week low, and resistance is at $24.51.
18:00 EDTNFLXFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
16:07 EDTEBAYeBay drops after results
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16:06 EDTEBAYeBay sees FY16 adjusted EPS $1.82-$1.87, consensus $1.98
Sees FY16 revenue $8.5B-$8.8B, consensus $8.99B.
16:06 EDTEBAYeBay sees Q1 adjusted EPS 43c-45c, consensus 48c
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16:05 EDTEBAYeBay reports Q4 active buyer base up 5% to 162M
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16:02 EDTEBAYeBay reports Q4 adjusted EPS 50c, consensus 50c
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16:01 EDTNFLXOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:34 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:33 EDTEBAYeBay January weekly 27 straddle priced for 7% movement into Q4
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12:29 EDTEBAYEarnings Watch: eBay to report Q4 earnings following 2015 holiday season
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12:27 EDTNFLXIndonesia telecom blocks Netflix access, WSJ says
Indonesia's state-owned PT Telekomunikasi Indonesia, or Telkom, blocked access to Netflix in the country, the Wall Street Journal reports. Telkom said it blocked access to the streaming service after it determined it didn't have a permit to operate as a content provider in Indonesia, the report says. It added that it objected to some of Netflix's available content, including what it said was violent and adult content, the report says. Reference Link
11:06 EDTNFLXStocks with call strike movement; NFLX COP
Netflix (NFLX) April 105 call option implied volatility increased 5% to 55, ConocoPhillips (COP) May 20 call option implied volatility increased 1% to 46 according to iVolatility.
09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:04 EDTNFLXNetflix could become stronger in a recession, says MKM Partners
MKM Partners analyst Rob Sanderson believes a recession would likely accelerate cord-cutting, which could improve Netflix's competitive position, and he recommends using any near-term weakness in the streaming service provider's shares to build positions. Sanderson, who calls the company's momentum in international markets "outstanding" and think Netflix's margins will be higher than incumbent media players at scale, maintains a Buy rating and $145 price target on Netflix shares.
07:49 EDTEBAYEBay volatility elevated into Q4 and outlook
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06:10 EDTNFLXAmazon beats Netflix at Sundance deals, NY Post reports
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