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Stock Market & Financial Investment News

News For GOOG;FB From The Last 14 Days
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October 31, 2014
06:28 EDTGOOGMPAA, NATO announce updated theatrical anti-theft policy, ban wearable devices
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06:02 EDTGOOGGoogle's robotics head Andy Rubin leaving company, WSJ reports
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October 30, 2014
12:53 EDTGOOGFirm says Apple's tablet market share fell in Q3
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10:29 EDTFBFacebook post-earnings weakness continues, levels to watch
Shares are down 2.8% to $73.70, continuing the downtrend in place since earnings. At current price next support is at $72.63 and then at $71.33. Resistance is at $74.18.
09:21 EDTFBInstagram website, mobile app experienced outages this morning, BI says
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06:53 EDTGOOGLenovo completes acquisition of Motorola Mobility from Google
Lenovo (LNVGY) and Google (GOOG) announced that Lenovo’s acquisition of Motorola Mobility from Google is complete. Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola’s headquarters will remain in Chicago. Google will maintain ownership of a majority of the Motorola Mobility patent portfolio, while Motorola will receive a license to this rich portfolio of patents and other intellectual property. Motorola will retain over 2,000 patent assets and a large number of patent cross-license agreements, as well as the Motorola Mobility brand and trademark portfolio. The total purchase price at close was approximately $2.91B, including approximately $660M in cash and 519,107,215 newly issued ordinary shares of Lenovo stock, with an aggregate value of $750M, representing about 4.7% of Lenovo’s shares outstanding, which were transferred to Google at close. The remaining $1.5B will be paid to Google by Lenovo in the form of a three-year promissory note. A separate cash compensation of approximately $228M was paid by Lenovo to Google primarily for the cash and working capital held by Motorola at the time of close. The transaction has satisfied all regulatory requirements and customary closing conditions, including clearance by competition authorities in the U.S., China, EU, Brazil and Mexico, and by the Committee on Foreign Investment in the United States.
06:31 EDTFBFacebook files to sell 162.7M shares for WhatsApp stockholders
October 29, 2014
17:05 EDTFBOn The Fly: Closing Wrap
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16:11 EDTFBFacebook files automatic mixed securities shelf
16:02 EDTFBOptions Update; October 29, 2014
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14:54 EDTGOOGEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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12:58 EDTFBOn The Fly: Midday Wrap
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12:20 EDTFBStocks with call strike movement; FB EA
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11:09 EDTFBFacebook sinks after unveiling 2015 spending plans
Shares of Facebook (FB) are retreating after the company announced stronger than expected results but said its expenses would jump 50%-70% in 2015 compared to this year. A number of analysts remained upbeat on the company's outlook following its results and guidance. WHAT'S NEW: Facebook's third quarter earnings per share came in at 43c, above the consensus estimate of 40c. The company's revenue came in slightly above expectations. The social networking giant said that its monthly active users had risen 14% in Q3 versus the same period a year earlier to 1.35B. But the company added that its expenses would surge 50%-70% in fiscal 2015, compared with fiscal 2014. Facebook reported that it plans to invest in various new technologies, including artificial intelligence and virtual reality. ANALYST REACTION: In a note to investors, Cantor Fitzgerald analyst Youssef Squali wrote that the stock and the company's margins would likely be pressured in the near-term by its spending plans. But Facebook's outlook is still strong and its valuation is compelling, the analyst stated. Moreover, Facebook's margins should remain healthy, and its results were "excellent," he wrote. Squali cut his price target on the name to $80 from $82, but kept a Buy rating on the shares. Meanwhile, Goldman Sachs analyst Heather Bellini wrote that Facebook's spending next year is likely to come in below its guidance, as in the past, while the company's ad platform continues to have strong momentum. Facebook's ability to attract users across multiple devices and platforms is unparalleled and should enable the company to attract more ad dollars, the analyst wrote. She believes that the weakness in the stock today has created a buying opportunity. PRICE ACTION: In late morning trading, Facebook fell 6% to $76.
09:42 EDTFBActive equity options trading
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09:39 EDTGOOGRuckus to provide routers for Google small business Wi-Fi program, GigaOM says
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09:23 EDTFBFacebook should be bought on weakness, says RBC Capital
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09:19 EDTFBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
07:56 EDTFBFacebook shares should be bought on weakness, says Oppenheimer
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07:55 EDTFBFacebook price target raised to $88 from $84 at Canaccord
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07:38 EDTFBFacebook weakness an excellent buying opportunity, says Goldman
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07:36 EDTFBFacebook reports WhatsApp net loss ($232M) in 1H
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07:29 EDTFBFacebook price target lowered to $85 from $90 at JPMorgan
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06:49 EDTFBFacebook to be well-positioned over long-term, says Cantor
After Facebook unexpectedly said that it would make aggressive investments next year, Cantor thinks the investments position the company to improve ihe engagement and monetization of its major websites over the long-term. The firm says the decision will pressure the stock and margins over the short-term, but it expects the company's margins to remain healthy and finds the stock's valuation compelling. It keeps a Buy rating.
06:31 EDTFBFacebook 10% sell-off 'seems appropriate,' says Deutsche Bank
Deutsche Bank says the 10% pullback in shares of Facebook following the company's Q3 results "seems appropriate" given reduced earnings expectations for all high multiple internet companies in the quarter and the upcoming 180M shares available for sale from the WhatsApp deal. Deutsche recommends adding to positions on weakness over the next several days as it continues to view Facebook as one of the best names in the space. It has a Buy rating on the stock with a $90 price target.
06:26 EDTGOOGMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
06:23 EDTFBFacebook thesis intact despite expense guidance, says Piper Jaffray
Piper Jaffray attributes the post-earnings sell-off in shares of Facebook to the company's unexpected guidance for Q4 revenue and 2015 expenses. Piper still sees multiple catalysts for Facebook including video, Audience Network, WhatsApp, Atlas, and Instagram. It keeps an Overweight rating on the stock with an $82 price target saying its thesis remains intact.
October 28, 2014
18:42 EDTFBOn The Fly: After Hours Movers
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18:02 EDTFBSocial media stocks lower after Facebook reports Q3 results
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18:01 EDTFBFacebook says 'pretty far from being fully deployed' on ad strategy
Says video, news, and celebrity content are priorities. Sees more apps for sharing going forward. Says using FB to cross-promote Instagram. Says relationship with China is "very long-term."
17:39 EDTFBTwitter down over 1% to $43.20 in after hours after Facebook's Q3 results
17:34 EDTFBFacebook down nearly 8% following Q4, FY14, FY15 guidance
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17:31 EDTFBFacebook sees Q4 tax rate 45%-50%
Says Q4 will be more difficult to compare.
17:29 EDTFBFacebook sees FY14 non-GAAP expenses up 30%-35% YoY
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17:26 EDTFBFacebook sees Q4 revenue growth 40%-47% YoY, consensus $3.74B
Guidance from company's Q3 earnings conference call.
16:43 EDTGOOGRogers Communications appoints Deepak Khandelwal to Chief Customer Officer
Rogers (RCI) announced the appointment of Deepak Khandelwal to the position of Chief Customer Officer, effective November 10. Khandelwal joins Rogers from Google (GOOG) where he is currently VP, Global Customer Experience.
16:05 EDTFBFacebook shares down 42c to $80.35 following Q3 results
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16:05 EDTFBFacebook says Q3 Mobile advertising revenue 66% of ad revenue
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16:03 EDTFBFacebook reports Q3 monthly active users up 14% to 1.35B
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16:02 EDTFBFacebook reports Q3 EPS 43c, consensus 40c
Reports Q3 revenue $3.2B, consensus $3.12B.
16:00 EDTFBOptions Update; October 28, 2014
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14:34 EDTGOOGcomScore reported strong Q3 results, says Cantor
After comScore (SCOR) reported higher than expected Q3 revenue and EBITDA, Cantor thinks the company has a number of positive catalysts, including high renewal rates, new product sales, and vCE's ongoing integration into Google (GOOg) and Yahoo (YHOO). The firm expects comScore to grow at a mid-teen percentage clip in 2015 and beyond, and it keeps a Buy rating on the shares.
13:51 EDTFBEarnings Preview: Analysts positive on Facebook ahead of Q3 earnings
Facebook (FB) is expected to report third quarter earnings after the market close on Tuesday, October 28 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users. EXPECTATIONS: Analysts are looking for earnings per share of 40c on revenue of $3.12B. The consensus range is 34c-47c for EPS, and $2.94B-$3.23B for revenue, according to First Call. LAST QUARTER: Facebook reported second quarter EPS of 42c against estimates of 34c, on revenue of $2.9B against estimates of $2.81B. The company reported daily active users of 829M on average for June, with mobile daily active users up 31% to 654M in March. Facebook said mobile ad revenue represented 62% of ad revenue and the company now has 1.5M active advertisers. Facebook said its Q2 price per ad was up 123% and it will focus on quality in roll-out of video ads. At the Q2 earnings conference call, Facebook said its push into commerce and payments is supplemental to advertising. NEWS: Facebook closed on its previously announced acquisition of WhatsApp for $22B, up $3B from its $19B price point due to the increased value in Facebook's stock over the past few months. CEO Mark Zuckerberg said he expects WhatsApp to reach 3B users, although the company does not have any imminent targets to gross any monetary funds from the platform. In the past quarter, Facebook also acquired security start-up PrivateCore and was in talks with major studios for content for Oculus Rift. The company shut down its Gifts business, but launched Atlas ad measuring platform and cross-device reporting for ads. It also announced a new research framework with stricter guidelines with a review panel, a six-week training program, and a research website. STREET RESEARCH: Ahead of Q3 earnings, Deutsche Bank recommended adding to Facebook positions, saying its proprietary checks on the company have been "solid all quarter." Oppenheimer said Facebook will likely beat Q3 expectations based on strong monetization trends. Cowen said Facebook is the premier social advertising platform, believing its numbers will continue to grow, especially on mobile devices. Citigroup said Q3 estimates have potential upside, thinking Facebook is seeing continued positive business momentum. Baird believes Facebook is well positioned to take market share in the display market, which is core to the firm's long-term positive view of the company. Evercore raised Facebook's price target based on the relaunch of the Atlas ad server platform that allows advertisers to better measure ad effectiveness across mobile and desktop in addition to providing new Display buying tools. PRICE ACTION: Facebook shares have gained over 13%, since the first day of trading following the company's Q2 report. In Tuesday afternoon trading ahead of its Q3 report, Facebook shares are up fractionally.
13:49 EDTFBFacebook October weekly 80 straddle priced for 7.2% move into Q3
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13:36 EDTGOOGGoogle designing particles to search for diseases, WSJ reports
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12:55 EDTFBFacebook technical notes ahead of results
The shares have been strong outperformers in the last three months, trading up over 7%. Shares are close to the life high at $81.16 with an expectation that the company will deliver a strong report. Without overhead resistance, a report that exceeds already high expectations could push the stock into the $85 to $90 area depending on the degree of surprise. If there is a disappointment the first key level on a test would be at $70.32, a recent low of the trading range for the last three months. Additional support below would be at $67.56. News that fails to push the shares above the old high or below $70 would leave it range-bound in a neutral trend.
12:18 EDTGOOG, FBTwitter slumps, downgraded after user growth slows
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09:37 EDTFBActive equity options trading
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09:29 EDTGOOGGoogle levy weighed by new EU digital commissioner, Reuters says
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09:04 EDTGOOGGoogle, PwC announce joint business relationship
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07:22 EDTFBIRI Worldwide to hold a conference
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07:19 EDTFBFacebook October weekly volatility increases into Q3 and outlook
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06:44 EDTGOOGApple warns of 'event' that would cause people to think about privacy, BI says
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06:37 EDTGOOGYouTube may charge for new services, Re/code reports
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06:25 EDTGOOGLenovo, Dell, Asustek eye Chromebook market, DigiTimes reports
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October 27, 2014
16:00 EDTFBOptions Update; October 27, 2014
iPath S&P 500 VIX Short-Term Futures down 52c to 32.66. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
13:03 EDTGOOGCVS says 'cannot accept' Apple Pay at this time, CNBC says
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11:46 EDTFBStocks with call strike movement; NBR FB
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10:00 EDTFB, GOOGOn The Fly: Analyst Initiation Summary
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09:37 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
09:14 EDTFBFacebook initiated with a Buy at Monness Crespi
Target $95.
09:14 EDTGOOGGoogle initiated with a Buy at Monness Crespi
Target $605.
07:50 EDTFBFacebook the premier social advertising platform, says Cowen
Cowen previewed Q3 earnings for Facebook and said they see it as the premier social advertising platform. The firm said Facebook's numbers continue to grow, especially on mobile devices, and they expect further monetization levers there and in other ad formats. Cowen said Facebook is one of their top picks in their universe and reiterates its Outperform rating and $90 price target on the shares.
07:38 EDTGOOGCyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:21 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
Facebook October weekly volatility elevated into Q3 and revenue outlook Facebook October weekly 31 call option implied volatility is at 75, November is at 44, December is at 37, March is at 34; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 28. :theflyonthewall.com
06:09 EDTGOOGCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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06:02 EDTGOOGGoogle's Nest acquires Revolv, terms not disclosed
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06:00 EDTGOOGGoogle names Sundar Pichai to lead core Google products, Re/code reports
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05:58 EDTGOOGRyan Wyatt becomes Google's Head of Gaming at YouTube
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October 24, 2014
16:02 EDTFBOptions Update; October 24, 2014
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11:19 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
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06:08 EDTGOOGGoogle won't make additional investments in Himax Display, DigiTimes says
Himax announced that Google has decided not to exercise its purchase options to make additional investments in Himax Display, reports DigiTimes. Himax stated that Google will continue to work closely as a strategic partner on future technologies and products and will remain a board observer. Reference Link
October 23, 2014
16:00 EDTFBOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
13:27 EDTFBFacebook launches Rooms app
Facebook earlier today announced that it would launch an app that will enable users to create chat rooms based on different topics. Reference Link
11:38 EDTFBStocks with call strike movement; FB VALE
Facebook (FB) March 90 call option implied volatility decreased 3% to 35, Vale (VALE) March 12 call option implied volatility decreased 3% to 33 according to IVolatility.
07:45 EDTGOOGGoogle's DeepMind acqui-hires two AI teams in the U.K.
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October 22, 2014
16:00 EDTFBOptions Update; October 23, 2014
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13:42 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
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13:14 EDTGOOGMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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13:11 EDTGOOGFirm says Chromebook shipments surged 67% in Q2
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13:06 EDTGOOGGoogle introduces Inbox on blog
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09:38 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:21 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
06:24 EDTGOOGGoogle announces continued progress on fighting piracy
Google is refining its search algorithm designed to demote links to sites featuring content that allegedly infringes on copyrights, the company said in a blog post. Google says "We’ve now refined the signal in ways we expect to visibly affect the rankings of some of the most notorious sites. This update will roll out globally starting next week." Reference Link
October 21, 2014
17:38 EDTGOOGHimax announces Google will not exercise additional investment option in company
Himax Technologies (HIMX) announced that Google (GOOG) has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display. Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer." Shares of Himax are down 13.7% following the report.
16:00 EDTFBOptions Update; October 21, 2014
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13:52 EDTGOOGGoogle acquires Firebase, terms not disclosed
Google announced on its Google Cloud Platform blog that it has acquired Firebase, which "makes it very easy for developers to build mobile and web apps that store and sync data in realtime." Google comments, "By combining Firebase with Google Cloud Platform, we’ll be able to build the best end-to-end platform for mobile application development. If you’re already a Firebase developer, you’ll start seeing improvements right away and if you’re a Google Cloud Platform customer, you’ll find it even easier to create great mobile and web apps. The entire Firebase team is joining Google and, under the leadership of Firebase co-founders James Tamplin and Andrew Lee, will be working hard to bring you great new features. Not only will the products you already love continue to get better, but you’ll also gain access to the full power of Google Cloud Platform. At Google Cloud Platform Live on November 4, we’ll be demonstrating new Firebase features and integrations with Cloud Platform." Reference Link
11:20 EDTGOOGData says open-source Android OS could threaten revenue, Information says
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07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
06:09 EDTFBTwitter initiated with a Neutral at Citigroup
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06:04 EDTFBFacebook sues laywers who represented Ceglia, Re/code reports
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October 20, 2014
13:40 EDTGOOGVringo says Court of Appeals invites Google to respond to en banc petition
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12:03 EDTFBKing Digital launches Candy Crush Soda Saga worldwide on Facebook
Earlier today, King Digital Entertainment (KING) announced that Candy Crush Soda Saga, the sister title to hit game Candy Crush Saga, has launched worldwide on Facebook (FB). Candy Crush Soda Saga is the next iteration in the Candy Crush franchise, set in the world of the Candy Kingdom. Fans of the original hit can now switch and match their way through new dimensions of gameplay with exciting new graphics and features including game modes, candy combinations, gameplay mechanics and more. Candy Crush Soda Saga is set to launch on mobile in the coming weeks.
11:42 EDTFBStocks with call strike movement; FB DAL
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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October 17, 2014
16:55 EDTGOOGStocks end volatile week lower amid oil price plunge
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16:01 EDTFBOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
09:38 EDTGOOGActive equity options trading on
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
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 LVMH’s 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
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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