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Stock Market & Financial Investment News

News For GOOG;FB From The Last 14 Days
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August 4, 2015
06:43 EDTFBInstagram opens up API to third party partners, Business Insider reports
Instagram, owned by Facebook, has shifted its stance on its advertising application programming interface, or API, by opening it up to third party partners, Business Insider reports. By opening up an API to partners, marketers can start buying Instagram ads and planning their Instagram marketing in an automated manner, the report says. Reference Link
06:19 EDTGOOGNew Apple, Google software to deliver info before users ask, WSJ reports
Apple (AAPL) and Google (GOOG) are adding features to deliver information in anticipation of users asking for it, the Wall Street Journal reports. Apple's Proactive Assistant, a feature that will be included in its iOS 9 software, intends to learn how a user will behave based on information stored on an iPhone, the report says. On the other hand, Google's Now service will collect data from a universe of online services and searches, the report adds. Reference Link
06:04 EDTGOOGStocks with implied volatility below IV index mean; TEVA GOOG
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August 3, 2015
16:00 EDTFBOptions Update; August 3, 2015
iPath S&P 500 VIX Short-Term Futures down 10c to 15.92 Option volume leaders: AAPL MWE TWTR FB RIG BAC DIS WMB NFLX CHK XOM CCE
10:16 EDTFBOptions with decreasing implied volatility
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09:38 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB AAL TWTR MU BAC NFLX ABX FIT
06:01 EDTGOOGStocks with implied volatility below IV index mean; TEVA GOOG
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August 2, 2015
15:45 EDTFBFacebook tests live events feature, WSJ says
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July 31, 2015
16:22 EDTFBStocks end week higher in U.S. despite selloff in China
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16:00 EDTFBOptions Update; July 31, 2015
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10:31 EDTFBOptions with decreasing implied volatility
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09:36 EDTFBActive equity options trading on open
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08:18 EDTFBFacebook says aerospace, laser communications teams hit milestones
Facebook's Connectivity Lab team yesterday announced two milestones toward its goal to accelerate the development of a new set of technologies that can "drastically change the economics of deploying internet infrastructure." First, the team said "Aquila," the high-altitude, long-endurance aircraft designed by its aerospace team in the U.K., is now complete and ready for flight testing. "Aquila has the wingspan of a 737 but weighs hundreds of times less, thanks to its unique design and carbon-fiber frame. When deployed, it will be able to circle a remote region for up to 90 days, beaming connectivity down to people from an altitude of 60,000 to 90,000 feet," Facebook stated. Second, Facebook said its laser communications team achieved a "significant performance breakthrough," noting they’ve designed and lab-tested a laser that can deliver data at 10s of Gb per second, or approximately 10x faster than the previous state-of-the-art in the industry, to a target the size of a dime from more than 10 miles away. Facebook noted its team is now starting to test these lasers in real-world conditions. Reference Link
06:53 EDTGOOGToyota signs pact with two companies for in-car navigation, Re/code says
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06:45 EDTGOOGGoogle, Silent Circle partner to add Android for Work to Blackphone, WSJ says
Google is partnering with Silent Circle, a Geneva-based maker of privacy-centric phones, to add Google's Android for Work software onto Silent Circle's Blackphone, a phone with encrypts calls, texts, and data, the Wall Street Journal reports. Reference Link
05:58 EDTGOOGStocks with implied volatility below IV index mean; TEVA GOOG
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July 30, 2015
18:56 EDTFB, GOOGFacebook plans drone test later this year, AP says
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18:13 EDTFBOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
16:00 EDTFBOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
15:19 EDTGOOGGoogle pitching new version of 'Glass' to businesses, WSJ reports
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14:34 EDTGOOGGoogle rejects global delisting request from French regulator
In a company blog post published Thursday, Google global privacy counsel Peter Fleischer said the tech giant respectfully disagrees with French regulator CNIL's recent delisting request. According to the blog, CNIL requested that Google apply French "right to be forgotten" requests -- whereby a citizen requests removal of search results containing his or her name -- to all versions of Google across the globe, rather than just French or European versions of the search engine. "We believe that no one country should have the authority to to control what content someone in a second country can access," said Fleischer. Reference Link
12:55 EDTFBOn The Fly: Top stock stories at midday
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12:23 EDTGOOGGoogle loses patent royalty battle with Microsoft, Bloomberg reports
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12:20 EDTGOOGGoogle denies French request to apply 'right to be forgotten,' Reuters says
Google is denying a request from the French privacy watchdog to clean search results worldwide when users invoke their "right to be forgotten" online, Reuters reports. Reference Link
11:37 EDTFB, GOOGFacebook price targets hiked while shares slide after earnings
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11:26 EDTGOOGAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the parties’ consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuit’s recent approach to establishing damages in the RAND context. The court’s factual findings were properly admitted at the jury trial. The jury’s verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
10:09 EDTFBOptions with decreasing implied volatility
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09:25 EDTFBOn The Fly: Pre-market Movers
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08:16 EDTFBFacebook Q2 results over-delivered, says Brean Capital
Brean Capital said Facebook reported Q2 results that were ahead of expectations despite headwinds from foreign exchange. Brean Capital reiterated its Buy rating and raised its price target to $111 from $108 on Facebook shares, citing its strong execution, careful monetization and its leading long-term position in the digital advertising industry.
08:03 EDTFBFacebook price target raised to $110 from $100 at Oppenheimer
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07:54 EDTFBFacebook price target raised to $115 from $105 at BofA/Merrill
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07:46 EDTFBFacebook price target raised to $108 from $95 at Stifel
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07:45 EDTFBFacebook results impressive despite high expectations, says Baird
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07:41 EDTFBFacebook price target raised to $115 following strong Q2 at Raymond James
Raymond James raised Facebook's price target to $115 from $110 following the strong Q2 report. The firm said engagement trends remain solid and is encouraged by the continued strength in the core platform and monetization of new platforms. Raymond James rates shares an Outperform .
07:33 EDTFBFacebook fundamentals still 'very strong,' says RBC Capital
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07:14 EDTFBFacebook price target raised to $115 from $100 at Deutsche Bank
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05:35 EDTFBFacebook price target raised to $110 from $96 at Baird
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05:32 EDTFBFacebook price target raised to $146 from $120 at Piper Jaffray
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July 29, 2015
19:32 EDTFBOn The Fly: After Hours Movers
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19:06 EDTFBFacebook says over 450M people using events each month, over 850M using groups
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16:08 EDTFBFacebook drops 4.6% to $92.60 following Q2 earnings report
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16:03 EDTFBFacebook says mobile ad revenue made up 76% of total Q2 ad revenue
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16:02 EDTFBFacebook reports Q2 daily active users up 17%
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16:01 EDTFBFacebook reports Q2 EPS 50c, consensus 47c
Reports Q2 revenue $4.04B, consensus $3.99B.
16:00 EDTFBOptions Update; July 29, 2015
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15:59 EDTFBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 47c... MetLife (MET), consensus $1.48... Williams (WMB), consensus 24c... Vertex (VRTX), consensus (58c)... O'Reilly Automotive (ORLY), consensus $2.26... NXP Semiconductors (NXPI), consensus $1.37... Marriott (MAR), consensus 81c... Fiserv (FISV), consensus 94c... Western Digital (WDC), consensus $1.45... SBA Communications (SBAC), consensus 9c... Whole Foods (WFM), consensus 45c... Lincoln National (LNC), consensus $1.53... Lam Research (LRCX), consensus $1.47... ServiceNow (NOW), consensus (2c)... Qorvo (QRVO), consensus $1.06... Hologic (HOLX), consensus 39c.
15:08 EDTFBNotable companies reporting after market close
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14:49 EDTFBFacebook July weekly 96 straddle priced for 8.2% movement into Q2
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12:37 EDTFBEarnings Watch: Analysts upbeat on Facebook revenue drivers ahead of Q2 report
Facebook (FB) is expected to report second quarter earnings after the market close on Wednesday, July 29 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 47c on revenue of $3.99B. The consensus range is 39c-54c for EPS, and $3.66B-$4.22B for revenue, according to First Call. LAST QUARTER: Facebook reported first quarter EPS of 42c against estimates of 40c, on revenue of $3.54B against estimates of $3.56B. Facebook reported Q1 daily active users were up 17% to 936M and mobile daily active users were up 31% to 798M. Monthly active users were 1.44B as of March 31, 2015. The company said Instagram has more than 200M daily users. During its Q1 earnings conference call, Facebook said it expects Foreign Exchange headwinds in Q2 will be greater than Q1. It said it expects total payments and other fees revenue to decline year-over-year for the remainder of the year. NEWS: In the past quarter, Facebook introduced video calling and Moneypenny features to its Messenger service. It also announced the Internet.org platform and its Instant Articles for publishers. Re/code said Facebook may be mulling a Twitter (TWTR) acquisition, but Facebook declined to comment. A New York Times article said Facebook is in talks to insert music videos in feeds. Facebook also said there was no truth to a rumor that said it may launch a music streaming service. STREET RESEARCH: Most analyst firms in the past quarter gave positive recommendations on Facebook, citing strong revenue drivers from multiple sources, SunTrust said Facebook could get a significant revenue boost from its Instagram move and expects the Buy button could lift revenue 5%-10%. Piper Jaffray said Facebook’s multiple is expected to increase as investors become more aware of VR, adding that the company is the best play on the “next computer paradigm of virtual reality.” JMP Securities say Facebook is expected to continue its growth in ad share as Instagram engagement and monthly average users continue to grow. Ahead of the Q2 earnings report, ITG Research said Q2 revenue is tracking slight above consensus and BTIG expects Facebook to exceed consensus estimates due to higher confidence in video advertising opportunity. Brean Capital said Facebook will face ForEx headwinds in Q2, but quarterly results are less relevant as investors will be focused on the long-term goals. PRICE ACTION: Facebook shares have gained about 13% since the first day of trading following the company's Q1 report. In Wednesday afternoon trading ahead of its Q2 report, Facebook shares are up 0.5%
11:48 EDTFBStocks with call strike movement; FB GILD
Facebook (FB) December 110 call option implied volatility decreased 3% to 32, Gilead (GILD) November 130 call option implied volatility decreased 9% to 29 according to IVolatility.
11:15 EDTFBFacebook July weekly 95 straddle priced for 8.7% movement into Q2
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11:07 EDTFBFacebook technical comments ahead of results
On the daily chart there is a potential bullish flag that has developed in the last two weeks. If the news is strongly bullish, the flag pattern would become active on a move above $96.50. Upside potential for the pattern, if it triggers and completes, is to the $110 to $112 area. If the news is instead a negative surprise, first established support would be at the $90 area. On a breakdown below $90, next support would be at the 50-day moving average at $86.16. If the 50-day is broken, next support is at $84.74. The $83 to $80 zone has been strong support over the prior year in the event of a larger negative surprise.
09:35 EDTFBActive equity options trading on open
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06:40 EDTFBFacebook testing profile tags feature, Verge reports
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06:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
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06:23 EDTGOOGTwitter's VP of product management Christian Oestlien departs for YouTube
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06:07 EDTFBFacebook expected to present mobile revenue increase, Re/code says
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July 28, 2015
16:00 EDTFBOptions Update; July 28, 2015
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11:42 EDTFBStocks with call strike movement; FB GILD
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10:47 EDTFB, GOOGUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:42 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
09:20 EDTGOOGGoogle well positioned to benefit from online video shift, says UBS
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08:16 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook July weekly call option implied volatility is at 109, August is at 52, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:21 EDTFBTwitter, Facebook profitability gap 'vast,' Re/code reports
Twitter's (TWTR) recent stock stumble has created the appearance of a potential bargain compared with Facebook (FB), though in reality the difference in growth and profitability between the two companies is enormous, the Wall Street Journal reports. Analysts forecast Twitter posting negative $200M in EBITDA this year, with Facebook expected to post positive $8B, the report says. Reference Link
06:15 EDTGOOGVessel recruits former YouTube exec Kirkbride, Re/code reports
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06:14 EDTGOOGGoogle recently attempted to buy Impossible Foods, The Information reports
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06:06 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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06:00 EDTGOOGGoogle Express workers file for representation by Teamsters union
Teamsters Local Union 853 announced yesterday that workers at Palo Alto-based Google Express Services filed for a representation election. The more than 140 warehouse and shipping workers sought out the Teamsters for help with improving working conditions, treatment on the job and compensation. Google Express Services, operated by Adecco, provides products shipped from local businesses to consumers on a same-day or overnight basis. Workers are required to sign short-term employment agreements with Adecco that limit them to two years before the company lets them go. Workers have also alleged subjection to constant harassment to work faster in poor conditions that includes damaged equipment, cracked floors and failing electrical systems that have resulted in fires.
July 27, 2015
20:01 EDTGOOGGoogle to decouple Google+ from YouTube, other services
Google will begin decoupling Google+ from other services such as YouTube within the coming months after previously requiring users to log in through the social network. "While we got certain things right, we made a few choices that, in hindsight, we’ve needed to rethink," said Bradley Horowitz, Google VP of streams, photos, and sharing. Reference Link
16:00 EDTFBOptions Update; July 27, 2015
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13:16 EDTGOOGADT rises after Citi downplays 'smart home' concerns
Shares of ADT (ADT) are heading higher in afternoon trading following an upgrade from Citi, within which the research firm said traditional home security firms have plenty of traction as self-installed, self-monitored security solutions from the likes of Apple (AAPL) and Google's (GOOG) Nest are slow to be adopted by homeowners. WHAT'S NEW: Citi's Jason Bazinet issued a research note on the home security sector, upgrading ADT to Buy from Neutral while slightly lowering his price target to $39 from $40. Bazinet notes that the sector is expanding into "smart home" technology powered by companies like Apple and Google's Nest. Despite this, the analyst contends that consumer data shows continued preference for the traditional approach in the form of professionally installed and professionally monitored services from ADT, Monitronics, Vivint, AT&T (T) and Comcast (CMCSA, CMCSK). WHAT'S NOTABLE: Though tech firms and venture capitalists seem drawn towards the concept of self-installed, self-monitored "smart homes," consumers appear to be sticking with the professionals, says Citi. Security systems using Apple HomeKit and Google's Nest products are seeing "limited" adoption, and firms like ADT -- equipped with call centers and installation specialists -- appear ready to "hold their own," with recent weakness in ADT shares called an "opportunity" by Bazinet. The analyst conceded that professional security providers will see their market share drop to 15% from a current 20%, but Bazinet set a 2035 date for that shift, leaving plenty of near-term opportunity for traditional players. PRICE ACTION: After a 25% drop since mid-April, shares of ADT are up about 1.4% to trade near $32 this afternoon.
12:43 EDTGOOGGoogle AdSense publishers to obtain EU end users' consent before accessing data
Google has announced a change to its user consent policy which will affect website publishers using Google AdSense. Under the new policy, publishers will have to obtain EU end users’ consent before storing or accessing their data, Google says in a blog post. Jason Woloz, Security & Privacy Program Manager, Display and Video Ads, comments, "European Union data protection authorities requested some changes to current practices for obtaining end user consents. It has always been Google’s policy to comply with privacy laws, so we’ve agreed to make certain changes affecting our own products and partners using Google products. If your websites are getting visitors from any of the countries in the European Union, you must comply with the EU user consent policy. We recommend you start working on a policy-compliant user consent mechanism today." Reference Link
11:57 EDTFBStocks with call strike movement; FB GILD
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09:30 EDTGOOGGoogle to shut down Autocomplete API on August 10
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09:14 EDTFBFacebook price target raised to $110 from $94 at Cowen
Cowen analyst John Blackledge raised his price target for Facebook (FB) to $110 ahead of the social media giant's Q2 results on July 29. Investor sentiment has grown more positive recently given Facebook's "explosive" video growth and the opening of the Instagram platform to advertisers, Blackledge tells investors in a research note previewing the Q2 results this week for Internet names. He keeps an Outperform rating on the stock. Blackledge also keeps Outperform ratings on LinkedIn (LNKD) and IAC (IACI) as well as a Market Perform rating on Twitter (TWTR). Those three companies are also reporting Q2 results this week.
09:11 EDTFBFacebook price target raised to $125 from $100 at SunTrust
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08:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook August weekly call option implied volatility is at 87, August is at 50, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
08:20 EDTFBFacebook expectations high into results, says BofA/Merrill
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06:23 EDTGOOG, FBInstagram's mobile ad revenues to reach $2.81B in 2017, eMarketer says
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06:21 EDTGOOGGoogle Ventures joins Secret Escapes' $60M funding round, TechCrunch reports
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06:01 EDTGOOGStocks with implied volatility below IV index mean; ASHR AMBA
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05:53 EDTFBBrean calls LinkedIn valuation 'problematic' ahead of Q2 results
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July 24, 2015
15:06 EDTFBEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
14:04 EDTFB, GOOGOn The Fly: Weekly technical notes on 'FANG' and divergences
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13:52 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
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10:15 EDTFBFacebook wins litigation against investors over IPO, Reuters reports
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09:36 EDTFBActive equity options trading on open
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07:43 EDTGOOGGoogle, others to create air traffic control for drones, Bloomberg says
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06:57 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
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06:18 EDTGOOGYouTube updates app, to offer VR, Engadget says
Google's YouTube has updated its mobile app, adding Home, Subscriptions, and Account tabs, Engadget reports. Users can watch full-screen vertical videos with just a single tap for the first time. In addition, the redesigned app comes with a set of video creation tools, including the option to trim footage, tint the image with filters, add music, and upload creations within the app. In addition, YouTube said that virtual reality will come to the streaming service with 360-degree video, the report says. Reference Link
06:13 EDTGOOGApple removes Nest smart thermostat from online, retail stores, Mashable says
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06:08 EDTGOOGStocks with implied volatility below IV index mean; LOCK GOOG
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July 23, 2015
19:24 EDTGOOGWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
14:17 EDTGOOGEarnings Watch: Visa reports after 'top pick' mention by Bernstein
Visa (V) is expected to report third quarter results after the close on July 23, with a conference call scheduled for 5:00 pm ET. Visa is a global payments technology company. EXPECTATIONS: Analysts are looking for earnings per share of 59c on revenue of $3.36B. EPS consensus ranges 54c-65c on a revenue range of $3.32B-$3.41B, according to First Call. LAST QUARTER: On April 30, Visa reported second quarter EPS of 63c against expectations for 62c, and reported revenue of $3.41B versus estimates of $3.34B. During its quarterly conference call, the company noted that "we're now looking at Q3 fully diluted EPS being 6c-8c lower than analyst's current expectations," adding that results are likely to be pressured by higher client incentives. Visa executives also disclosed expectations for a "meaningful step-up" in Q3 expense growth, with a number of marketing and technology initiatives having shifted towards the latter half of the year. PEERS: American Express (AXP) reported quarterly earnings after the close on July 22, with earnings above consensus estimates but revenue somewhat below expectations, noting a "significant" impact from a stronger U.S. dollar on international operations. NEWS: On May 8, Bloomberg reported that Visa was in preliminary talks to acquire Visa Europe for $15B-$20B, according to sources. On June 3, Visa and FireEye (FEYE) announced a strategic partnership to co-develop tools and services to protect against cyber attacks targeting payment data. On June 5, the Wall Street Journal reported that, due to Visa and MasterCard (MA) having finalized their card-security technology, Google's (GOOG) Android Pay will not be earning any transaction fees from credit-card issuers, and on June 17, Reuters reported that a U.S. appeals court affirmed that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa. STREET RESEARCH: On May 19, Pacific Crest's Josh Beck shifted his preference to MasterCard from Visa, though he noted that the shift was simply due to Visa's outperformance over the past year. On May 20, Bernstein noted that the risk/reward ratio for both Visa and MasterCard looks positive, with the companies offering secular growth, "compelling" business models, and modest risk. More recently on July 14, Bernstein named Visa among its "Vintage Values 2016" list, citing the company's U.S. acquirer price increase and expectations that the Visa Europe put option will be exercised this year. PRICE ACTION: Shares of Visa have fallen just under 1% to $71.41 ahead of Thursday's earnings report.
13:53 EDTGOOG, FB“Fab Five” option implied volatility
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13:13 EDTGOOGEarnings Watch: Amazon to report Q2 results after ‘record breaking’ Prime Day
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11:23 EDTGOOGGoogle announces program to help give patents to startups
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10:20 EDTGOOGGM CEO says just completed car sharing program at Google HQ
General Motors (GM) CEO Mary Barra made the comment on the company's Q2 earnings conference call.
09:38 EDTFBActive equity options trading on open
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06:38 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 60, August is at 40, September is at 34; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:32 EDTGOOGOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
06:25 EDTGOOGApple Watch, Android Wear Wi-Fi adoption to motivate others, DigiTimes says
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06:19 EDTGOOGSony plans 'stripped back' version of Android
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06:05 EDTGOOGStocks with implied volatility below IV index mean; GOOG LOCK
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July 22, 2015
23:09 EDTGOOG, FBFormer MTV executive joins YouTube as VP of originals, Variety says
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15:02 EDTFBOptions Update; July 22, 2015
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13:06 EDTGOOGCompetitors ask EU to probe Google ad technology market practices, FT says
Several of Google's (GOOG) rivals, including OpenX and AppNexus, which is part owned by WPP (WPPGY) and Microsoft (MSFT), have suggested that the European Union investigate the internet giant, claiming it may be unlawfully stifling competition in the market for advertising technology, the Financial Times reports. The companies' grievances relate to the way in which Google bundles its advertising technology products through contracts that may discourage or even prevent customers from using competitors' services, the report says. The companies in question have submitted documents to the EU expressing concern over the issue but have not submitted an official complaint, the report adds. Reference Link
09:46 EDTFBFacebook Q2 revenues tracking slight above consensus, says ITG Research
ITG Research's data analysis indicates Facebook's Q2 North American revenue is tracking to $1.9B, up from a previous estimate of $1.86B, versus consensus of $1.84B due to increased spending per advertiser. Firm estimates total Q2 revenues are tracking to $4.05B versus consensus of $3.98B.
09:38 EDTFBActive equity options trading on open:
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06:41 EDTGOOGLG denies rumors that Google will take 35% stake, Korea Herald reports
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06:15 EDTGOOGGoogle's updated Glass to be foldable, more weather-resistant, 9to5Google says
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06:08 EDTGOOGSony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
05:29 EDTGOOGStocks with implied volatility below IV index mean; WMB GOOG
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July 21, 2015
19:09 EDTGOOGYahoo CEO sees Q3 pressure on revenue ex-TAC and adjusted EBITDA
Speaking on the company's Q2 earnings conference call, Yahoo (YHOO) CEO Marissa Mayer said she is "pleased" with momentum in display business, adding that the company will continue to focus on sustaining GAAP revenue growth while striving to grow adjusted EBITDA. She noted search clicks were up 13% for the quarter, and mobile user base was up 14%. Mayer cautioned that the Gemini search platform will see pricing pressure and reduced revenue per search in the near-term as Yahoo optimizes the service. She said she expects "some" pressure in Q3 including pressure on revenue ex-TAC and adjusted EBITDA, and remarked separately that Yahoo has been investing "modestly" over the past two years in algorithmic and paid search technologies. Finally, Mayer declined to speculate on any future agreements with Google (GOOG). CFO Ken Goldman said the company's "highest priority" is to execute the Alibaba (BABA) spinoff this year. Goldman also noted that Yahoo's board of directors and management team have met with advisors to review alternatives with regards to Yahoo Japan, but had no specific conclusion to share.
16:01 EDTFBOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
14:02 EDTGOOGYouTube pulls Streamus app, Variety reports
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13:33 EDTGOOGGoogle acquires Pixate, terms not disclosed
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12:59 EDTGOOGEarnings Watch: Tax questions linger into Yahoo Q2 report
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
09:06 EDTGOOGADT Corp. announces partnership with Nest Labs
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08:05 EDTFBFacebook added to US 1 List at BofA/Merrill
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07:45 EDTGOOG, FBSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
07:36 EDTGOOGGoogle shutting down Google+ Photos beginning August 1
Google said in a blog post, "In May, we launched Google Photos as the home for all your photos and videos. With Google Photos you can store unlimited high quality photos and videos for free, find photos fast, and see them organized by what matters to you. Plus, you can bring moments to life and share anywhere with anyone. In an effort to ensure everyone has the best photos experience we can deliver, on August 1st we’ll start to shut down Google+ Photos -- initially on Android, and soon thereafter on the Web and iOS. If you’re still using Google+ Photos, now is a great time to make the switch. You may have seen a prompt in Google+ Photos on Android with a link to download the new Google Photos. Don’t worry, all your photos and videos will still be saved and available after you switch to the new, stand-alone Google Photos app. With the new app you’ll still be able to backup, edit, and share your photos and videos, with unlimited storage, automatic organization, and more." Reference Link
06:58 EDTFBFacebook added to US 1 List at BofA/Merrill
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06:19 EDTFB, GOOGSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:34 EDTFB, GOOGPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
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