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Stock Market & Financial Investment News

News For FB;JWN;GPS;M From The Last 14 Days
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July 7, 2015
16:01 EDTFBOptions Update; July 7, 2015
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13:47 EDTFBHimax shares pop as analyst predicts boost from Microsoft HoloLens
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11:14 EDTFBStocks with call strike movement; BABA FB
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09:33 EDTFBActive equity options trading on open
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07:01 EDTFBAllen & Company to hold a conference
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July 6, 2015
16:00 EDTFBOptions Update; July 6, 2015
iPath S&P 500 VIX Short-Term Futures up 50c to 20.47 Option volume leaders: AAPL MU BAC FB CHK PBR ODP BABA INTC F TSLA DHR CVX AAL FCX ABX.
10:34 EDTFBAnalysts differ on Yelp after company said to halt sale process
The shares of Yelp (YELP) have fallen in each of the last two sessions after Bloomberg reported that its CEO had decided not to sell the company at this time. Two research firms were upbeat on the stock after the pullback, but Piper Jaffray's well-known analyst, Gene Munster, was cautious on the stock's near-term outlook. WHAT'S NEW: Last Thursday afternoon, Bloomberg reported that Yelp's CEO and founder Jeremy Stoppelman had decided not to sell the company in the near-term. Stoppelman's decision came after Goldman Sachs, which had been hired by Yelp to find potential buyers of the company, identified several interested suitors, the news service stated. BULLISH TAKE: Yelp's stock is significantly undervalued and investors should buy the shares, wrote Brean Capital analyst Tom Forte in a note to investors today. Noting that Bloomberg reported multiple potential suitors for Yelp had been found, Forte contended that many Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO) are all potential acquirers. Moreover, Stoppelman and Yelp's other board members probably decided not to sell Yelp because they believe that it is worth more than the stock indicates, according to Forte, who added that this stance indicates that the company's business has held up well recently. He kept a $58 price target and Buy rating on Yelp. Similarly, SunTrust analyst Robert Peck believes that many companies could still look to buy Yelp. Moreover, the company's valuation is "paltry" versus its peers, while Stoppelman's willingness to consider selling the company should support the stock, the analyst stated. Although Yelp is facing some challenges, its valuation already implies that consensus 2016 estimates for the company will drop by 10%-20%, according to Peck, who kept a Buy rating on the shares. BEARISH TAKE: In the wake of Bloomberg's report, Piper Jaffray analyst Gene Munster said he believes investors will conclude that Yelp was unable to sell itself. Additionally, comScore data for June indicates that Yelp's unique user metrics for the quarter will be disappointing, the analyst stated. However, he predicted that the company's user growth would reaccelerate in the fall, causing investor sentiment to rebound. Although Munster is upbeat on Yelp's long-term outlook, he cut his price target on the name to $40 from $46 and kept a Neutral rating on the stock. PRICE ACTION: In morning trading, Yelp fell 1.4% to $37.65. That follows the 10% decline the stock suffered on Thursday in its last day of trading prior to the long holiday weekend.
09:35 EDTFBActive equity options trading on open
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06:03 EDTFBBrean recommends buying shares of Yelp after selloff
Brean Capital analyst Tom Forte believes shares of Yelp are worth "a lot more than current levels" with or without a company sale. He recommends buying the name after Bloomberg reported Thursday that the company had called off its sale process. He points out the article noted that Yelp had multiple interested buyers. Forte's list of potential buyers for Yelp include Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO). Yelp operates the largest crowd-sourced local business directory globally, the analyst tells investors this morning in a research note. Forte keeps a Buy rating on the stock with a $58 price target. Shares closed Thursday down $4.23 to $38.20.
July 5, 2015
14:16 EDTFBFacebook, Microsoft could see hefty 'goodwill' charges, Barron's says
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July 2, 2015
16:04 EDTFBOptions Update; July 2, 2015
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12:16 EDTFBTwitter gets a moderate bump on Re/code story of Facebook interest
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11:51 EDTFBFacebook declines comment on Twitter report, Fox Business reports
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11:06 EDTFBFacebook said to be once again mulling Twitter acquisiton, Re/code says
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL HP TSLA FB GRPN BP MEP GILD
06:44 EDTFBFacebook holds talks with major labels to 'get into music', The Verge reports
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July 1, 2015
16:00 EDTFBOptions Update; July 1, 2015
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13:23 EDTFBFacebook to offer revenue split for content creators, Re/code says
As it continues competing with Google's (GOOG) YouTube, Facebook (FB) will begin offering video content creators 55% of the revenue from ads played alongside videos, reports Re/code. In an interview, Facebook's VP of partnerships Dan Rose told Re/code that "a lot of [partners] have said this will be a big motivation to start publishing a lot more video content to Facebook." As part of the revenue-sharing move, Facebook will also be testing a "Suggested Videos" feature, a video-only news feed that uses an algorithm to personalize its content for each user. Reference Link
10:35 EDTMMacy's pulling Donald Trump brand merchandise from stores, CNN reports
Following recent controversial comments by Donald Trump, Macy's says it will remove his brand merchandise from its stores, CNN reports. In a statement, the retailer says, "In light of statements made by Donald Trump, which are inconsistent with Macy's values, we have decided to discontinue our business relationship with Mr. Trump and will phase-out the Trump menswear collection, which has been sold at Macy's since 2004." Reference Link
09:33 EDTFBActive equity options trading on open
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08:40 EDTFBBofA/Merrill's Top 10 US Ideas for Q3
BofA/Merrill published its Top 10 U.S. Ideas Quarterly for Q3 that identifies companies it sees having significant catalysts in the next three months. The list includes eight Buys and two Underperforms. The Buys are Applied Materials (AMAT), Boise Cascade (BCC), Burlington Stores (BURL), Comcast (CMCSA), Comerica (CMA), Eli Lilly (LLY), Facebook (FB), and International Game (IGT). The Underperforms are BlackBerry (BBRY) and PBF Energy (PBF).
06:59 EDTFBFacebook price target raised to $100 from $92 at Cantor
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June 30, 2015
12:32 EDTFBFacebook increases options to video ads payment structure, WSJ says
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11:53 EDTFBFacebook at test of support, levels to watch
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
07:08 EDTFBGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
June 29, 2015
17:47 EDTMMacy's CEO was hesitant to lauch outlet chain, Fortune says
Macy’s CEO Terry Lundgren stated that he was the obstacle in the way of Macy's opening a chain of outlet stores saying, "I really didn't want this business," reports Fortune. Reference Link
16:22 EDTMOn The Fly: Top stock stories for Monday
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16:00 EDTFBOptions Update; June 29, 2015
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10:37 EDTMMacy's falls after downgrade, levels to watch
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10:09 EDTMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
09:53 EDTMMacy's retreats after Deutsche cuts to sell, says real estate sale unlikely
The shares of Macy's (M) are falling in early trading after research firm Deutsche Bank downgraded the stock to Sell from Buy, saying that the retailer is facing numerous challenges. WHAT'S NEW: Macy's same-store sales are likely to remain "anemic," partly due to tourism headwinds and increased competition from its own vendors, Deutsche Bank analyst Paul Trussell wrote in a note to investors earlier today. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization is likely to remain "flattish," partly because of higher shipping and healthcare costs and lower leverage on its sales, the analyst stated. Given all of these challenges, Macy's profit growth will probably not exceed high single digit percentage levels over the next couple of years, while its share repurchases will probably be reduced, Trussell said. Although Macy's could drive significant value by monetizing its real estate portfolio, it's unlikely to do so, according to Trussell. WHAT'S NOTABLE: On June 2, Reuters reported that Macy's would listen to a request by hedge funds who were asking the company to consider options for its real estate holdings. However, the company was worried that selling real estate and then leasing it back would saddle it with significant leasing costs, the news service noted. PRICE ACTION: In early trading, Macy's fell 2.1% to $68.38.
09:35 EDTFBActive equity options trading on open
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07:13 EDTFBGoogle, Facebook competing heavily in video market, NY Post says
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06:28 EDTMMacy's downgraded to Sell from Buy at Deutsche Bank
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06:20 EDTGPSGap plans two flagship stores for brands in Times Square, WSJ reports
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June 28, 2015
12:47 EDTFBTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 26, 2015
16:00 EDTFBOptions Update; June 26, 2015
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14:25 EDTGPSGap to take over Toys R Us location in Times Square, CNBC reports
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13:51 EDTFBFacebook updates iPhone app, making it easier to find, share links
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10:00 EDTFBOn The Fly: Analyst Initiation Summary
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09:36 EDTFBActive equity options trading on open
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June 25, 2015
19:34 EDTFBAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
16:51 EDTFBFacebook initiated with a Buy at Mizuho
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16:00 EDTFBOptions Update; June 25, 2015
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10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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09:34 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
08:45 EDTGPSGap initiated with a Hold at BB&T
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06:08 EDTFBFacebook hires Yahoo's cybersecurity chief Alex Stamos
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June 24, 2015
19:31 EDTFBGoogle exec 'very confident' in YouTube's lead over Facebook video, BI says
In a Business Insider interview at the Cannes Lions advertising festival, Torrence Boone, Google's (GOOG) VP of global agency sales and services, said the company is "very bullish and confident" that Google's YouTube will maintain its lead over Facebook's (FB) efforts in video. Boone explained that the services serve different functions, with YouTube being a more dedicated video platform. Reference Link
19:20 EDTFBFacebook Messenger app to allow signups without Facebook account
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14:46 EDTFBHBO deal an early sign of Facebook original content plans, says Brean Capital
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14:13 EDTFBApple blocks use of app data to target ads, The Information reports
Apple (AAPL) is "quietly moving" to block companies from accessing data from other, unrelated apps, a practice which was used to target ads, says The Information. The report notes that Facebook (FB) and Twitter (TWTR) often analyze information from other apps on a user's phone in order to better target ads. Reference Link
12:27 EDTFBHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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11:16 EDTFBOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
09:39 EDTFBCLSA media analysts hold an analyst/industry conference call
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09:35 EDTFBActive equity options trading on open
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07:52 EDTFBFacebook offers South African Cell C users free internet access, Bloomberg says
Facebook will give customers of Cell C access to its free application Internet.org in South Africa, Bloomberg reports, citing an interview with Markku Makelainen, Facebook’s director of global operator partnerships. The service will let Cell C users see Facebook and roughly 30 other websites offering information about healthcare and jobs without being charged for data, the report says. Reference Link
06:00 EDTFBGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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