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Stock Market & Financial Investment News

News Breaks
July 16, 2014
13:20 EDTEBAYEarnings Preview: eBay set to report Q2 earnings since security breach
eBay (EBAY) is expected to report second quarter earnings after the market close on Wednesday, July 16 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 68c on revenue of $4.38B. The consensus range is 64c-72c for EPS, and $4.16B-$4.49B for revenue, according to First Call. LAST QUARTER: eBay reported first quarter EPS of 70c against estimates of 67c on revenue of $4.3B against estimates of $4.23B. The company gave Q2 EPS guidance of 67c-69c and Q2 revenue guidance of $4.33B-$4.43B as well as FY14 EPS guidance of $2.95-$3.00 and FY14 revenue guidance of $18B-$18.5B. eBay expects FY14 adjusted effective tax rate to increase by more than 1 point to 20%-21% and said it would lower StubHub's fee structure this year. NEWS AND STREET RESEARCH: In the past quarter, eBay had asked users to change passwords following a cyberattack that compromised a database containing encrypted passwords and other non-financial data. Pacific Crest said the security issues could cause eBay to miss street estimates and the low-end of its Q2 guidance. TW Baird also warned that the company had slowed in the latter half of May, also saying it may report weaker-than-expected Q2 results. ChannelAdvisor reported SSS was up 14% in April, up 11.5% in May and up 12.3% in June. Piper Jaffray said the numbers showed eBay's gross merchandise volume growth slowed in May due to the breach. BGC Financial also lowered Q2 revenue estimates for the company, but said the impact of the security breach would mostly be confined to the June quarter. The firm reaffirmed its full-year outlook. eBay announced a deal where Google listed PayPal among its payment methods to buy apps and digital content. The partnership received positive comments from BofA/Merrill, RW Baird, and Stifel who said the relationship presents a large potential opportunity and could expand over time. eBay announced its PayPal President David Marcus was leaving the company to join Facebook (FB) and its senior engineering director April Chang was set to leave for Eventbrite. In light of the news, JMP Securities said PayPal had a deep bench and the hands-on management of eBay's CEO will enable the unit to maintain growth. Ahead of the Q2 report, Piper Jaffray remains positive on eBay, saying it sees limited downside due to low expectations. The firm said investors have become increasingly bearish on eBay over past few months given the security breach and a change in Google algorithm. However, Piper Jaffray sees these concerns as short term. PRICE ACTION: eBay shares have dropped more than 7.2% since the first day of trading following the company's Q1 report. In Wednesday midday trading ahead of its Q2 report, eBay shares are trading down fractionally.
News For EBAY From The Last 14 Days
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October 30, 2014
10:36 EDTEBAYQIWI rises after announcing pact with eBay for Russia
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09:41 EDTEBAYQIWI partnership with eBay a 'major milestone,' says JPMorgan
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07:29 EDTEBAYeBay to integrate QIWI Wallet in Russia
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October 29, 2014
10:00 EDTEBAYOn The Fly: Analyst Initiation Summary
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07:43 EDTEBAYeBay initiated with an Underweight at Morgan Stanley
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October 28, 2014
07:22 EDTEBAYIRI Worldwide to hold a conference
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October 27, 2014
10:00 EDTEBAYOn The Fly: Analyst Initiation Summary
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09:14 EDTEBAYeBay initiated with a Buy at Monness Crespi
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October 21, 2014
18:33 EDTEBAYIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:38 EDTEBAYIcahn would like eBay to sell PayPal right now
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17:35 EDTEBAYIcahn says pleased that Marc Andreessen leaving eBay board
Icahn is speaking in a CNBC interview.
14:09 EDTEBAYThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
14:01 EDTEBAYThird Point says established 'significant' position in eBay during Q3
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09:12 EDTEBAYGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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06:27 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
October 20, 2014
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.
05:27 EDTEBAYeBay announces resignation of Marc Andreessen from board
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October 17, 2014
16:55 EDTEBAYStocks end volatile week lower amid oil price plunge
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12:11 EDTEBAYeBay announces launch of domestic selling in Russia
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