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Stock Market & Financial Investment News

News Breaks
November 26, 2012
13:16 EDTGOOG, AMZNGoogle reduces cloud data prices, InformationWeek reports
Google (GOOG) has lowered prices on its virtual servers by 5% in an attempt to obtain more customers for its new cloud data service, according to InformationWeek ,which interviewed Shailesh Rao, director of new products and solutions in the Google Enterprise unit. Google has also added 36 levels of data storage from which customers can choose, the publication added. Reference Link
News For GOOG;AMZN From The Last 14 Days
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October 17, 2014
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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October 16, 2014
18:36 EDTGOOGOn The Fly: After Hours Movers
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17:29 EDTGOOGGoogle says Omid Kordestani now officially Chief Business Officer
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16:05 EDTGOOGGoogle reports Q3 Sites revenue $11.25B vs. $9.38B last year
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16:04 EDTGOOGGoogle shares drop 5% to $508.51 after Q3 misses estimates
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16:03 EDTGOOGGoogle reports Q3 average cost-per-click down 2% vs. last year
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16:02 EDTGOOGGoogle reports Q3 aggregate paid clicks up 17% vs. last year
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16:02 EDTGOOGGoogle reports Q3 EPS $6.35, consensus $6.53
Reports Q3 revenue $16.52B, consensus $16.57B.
16:01 EDTAMZNOptions Update; October 16, 2014
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15:26 EDTGOOGNotable companies reporting after market close
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14:42 EDTAMZN, GOOGeBay appears done with same-day delivery 'experiment,' Re/Code says
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14:26 EDTGOOGGoogle technical comments ahead of earnings
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14:04 EDTGOOGGoogle seen testing high-speed wireless service, Reuters says
Telecommunications experts that have seen Google's regulatory filings are saying that the company may be preparing a wireless version of its high-speed "Fiber" Internet service, says Reuters. Reference Link
12:49 EDTGOOGEarnings Preview: Google shares down 8% since last earnings report
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12:11 EDTAMZNeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
10:23 EDTAMZNAmazon.com breaks below $300, levels to watch
Shares have broken psychologically important support at $300, last at $299.59. At that price, next support is at $296.76. Resistance is at $305.01.
10:06 EDTGOOGThe Federal Trade Commission (FTC) to hold a conference
7th Annual Federal Trade Commision Microeconomics Conference is being held in Washington, D.C. on October 16-17.
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