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Stock Market & Financial Investment News

News Breaks
July 17, 2014
12:52 EDTGOOG, GOOGLEarnings Preview: Google shares up 4.5% since last earnings report
Google (GOOG, GOOGL) is expected to report second quarter earnings after the market close on Thursday, July 17 with a conference call scheduled for 4:30 pm ET. Google is a global technology company that focuses on Internet search, cloud computing, and advertising technologies. EXPECTATIONS: Analysts are looking for earnings per share of $6.24 on revenue of $15.62B. The consensus range is $5.73-$6.64 for EPS, and $15.36B-$15.94B for revenue, according to First Call. LAST QUARTER: Google reported first quarter EPS of $6.27 against estimates of $16.40 on revenue of $15.42B against estimates of $15.52B. Google reported Q1 paid clicks up 26% and average cost-per-click decreased 9%. The company also reported Q1 Sites revenue $10.47B and Q1 Network revenue $3.4B. Google said it expects to continue to make "significant capital expenditures" and reported free cash flow in Q1 of $2.05B. NEWS: Google announced several acquisitions in the past quarter, most notably for music streaming service Songza, live video-streaming service Twitch, and high-res imaging satellite maker Skybox Imaging. The company also expanded Shopping Express to New York and other parts of California, including Los Angeles. There were also reports that Google has set aside $500M to expand the service worldwide. Bloomberg reported the company intends to spend a "significant portion" of its offshore cash to make acquisitions with nearly $20B-$30B on foreign companies and foreign technology rights. Google also entered the domain registration business through an invite-only beta website, may likely overhaul Google+ in the near future, and is said to be developing a 7-inch tablet that can capture 3D images. At Google's I/O opening keynote in June, the company said Android had over 1B users, Chrome for Mobile had 300M active users and Google Drive has over 190M active users. STREET RESEARCH: Cantor said the company's revenue growth relative to CapEx has declined in the past several years as it has spent less efficiently on growth than its peers. Susquehanna, on the other hand, said Google's recent underperformance has created a buying opportunity due to favorite mix shift and strong core growth at Google.com and YouTube. Ahead of the Q2 earnings report, Google's price target was also raised at Citigroup after channel checks with search marketing companies suggested the business accelerated slightly in Q2. PRICE ACTION: Google shares have risen 4.5% since the first day of trading following the company's Q1 report. In Wednesday afternoon trading ahead of Q2 report, Google shares are down a little over 1.5%.
News For GOOG;GOOGL From The Last 14 Days
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September 8, 2014
06:07 EDTGOOGGoogle implied volatility of 16 at lower end of index mean range
06:05 EDTGOOGGoogle Glass goes on sale in U.S. Google Play store
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05:35 EDTGOOGL, GOOGGoogle added to Franchise Picks List at Jefferies
Jefferies added Google to its Franchise Picks List saying the company's YouTube division looks best positioned to benefit from growth in online video advertising, which the firm estimates could be a $17B opportunity by 2017 in the U.S. alone. Jefferies has a Buy rating on Google with a $700 price target.
September 7, 2014
20:37 EDTGOOGApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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September 5, 2014
11:32 EDTGOOGApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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10:39 EDTGOOGAkamai seen as 'Google of Internet infrastructure' by UBS
Shares of Akamai (AKAM) are advancing after UBS began coverage of the stock with a positive view, calling the company "the Google of Internet Infrastructure." Akamai provides infrastructure for delivering content over the Internet. WHAT'S NEW: UBS analyst Steven Milunovich initiated coverage of Akamai with a Buy rating in a note to investors today. Like Google (GOOG), Akamai relies on sophisticated algorithms, the analyst stated. Increased demand for Internet media delivery could cause the Internet content delivery sector to perform better than expected, Milunovich believes. Akamai's strong reliability is difficult to match, which should enable it to fend off competition in the space, according to the analyst. Moreover, Milunovich is upbeat on the company's new security and cloud initiatives. He set a $70 price target on the shares. OTHERS TO WATCH: Other companies in the Internet content delivery space include Limelight Networks (LLNW) and Level 3 (LVLT). PRICE ACTION: In mid-morning trading, Akamai rose nearly 1% to $60.91.
09:35 EDTGOOGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
07:12 EDTGOOGGoogle looks to promote rebranded mobile app, search feature, Ad Age reports
Google (GOOG) is launching an ad campaign to promote its rebranded mobile app and its voice-guide search feature, Ad Age reports. The campaign promote breaking news via mobile ad banners in a partnership with the New York Times (NYT), the publication says. Reference Link
06:59 EDTGOOGGoogle added to Conviction Buy List at Evercore
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06:41 EDTGOOGFCC head says agency to promote high speed Internet choices, NY Times reports
Stating that fewer than 25% of American homes have access to more than one high speed Internet provider, FCC Chairman Tom Wheeler said the agency would look to promote additional choices in the sector, according to The New York Times. High speed Internet providers include Comcast (CMCSA), Cablevision (CVC), Verizon (VZ), AT&T (T), and Google (GOOG). Reference Link
06:33 EDTGOOGMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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06:29 EDTGOOG$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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06:03 EDTGOOGGoogle implied volatility of 16 at lower end of index mean range
06:01 EDTGOOGESPN head doesn't see people using Google for big sports events, Re/code reports
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September 4, 2014
12:34 EDTGOOGGoogle settles FTC complaint over kids app purchases
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12:30 EDTGOOGFTC says Google settles app purchase charges for $19M
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07:22 EDTGOOGGoogle has upward bias to estimates, says Credit Suisse
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06:40 EDTGOOGApple, others restart discussions with tech staff in hiring suit, Reuters says
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06:30 EDTGOOGIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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06:16 EDTGOOGLuxottica's returning CEO says 'embarrassed by Google Glass, FT reports
Luxottica's (LUX) founder and returning CEO Leonardo Del Vecchio told the Financial Times earlier this week that he has not used Google Glass (GOOG) and that it would "embarrass [him] going around with that on my face." Luxottica signed a deal with Google earlier this year to develop the $1,500 interactive headset. Reference Link
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