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Stock Market & Financial Investment News

News For GOOG;SSNLF From The Last 14 Days
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August 31, 2015
13:29 EDTGOOGSunTrust sees catalysts coming for Twitter, ups to buy
Shares of Twitter (TWTR) have seen healthy gains in afternoon trading after being upgraded to Buy by longtime Twitter analyst Robert Peck ahead of what he identifies as numerous potential near-term catalysts. BUY: SunTrust's Robert Peck upgraded Twitter to Buy from Neutral in advance of what he called a "series" of positive near-term catalysts for the stock, including the Google (GOOG) partnership to feature Tweets in search results as well as Twitter's curated live events initiative known as "Project Lightning." Additionally, a fourth quarter ad campaign and a push to capitalize on the roughly 500M logged-out users could lift the microblog site given proper execution. Importantly, the analyst said the upgrade is predicated on a quick clarification regarding the current management situation at Twitter, with more information "likely" to come around Labor Day according to Peck. User metrics appear to have "at least stabilized," noted Peck, adding that monetization efforts like video ads and Buy buttons could yield a roughly 15% boost to 2017 revenue. CEO SHUFFLE: On August 14, Peck predicted that Twitter could announce a permanent CEO as soon as the week of August 17. At the time, Peck said he expected a leadership "triumvirate," with founder and interim CEO Jack Dorsey moving into a permanent Chief Executive role and Adam Bain becoming COO under a possible chairmanship role for Ev Williams. Though no leadership announcement was made that week, Peck clarified in a CNBC interview today that the company is likely doing significant due diligence rather than making a hasty CEO appointment. M&A POTENTIAL: In Monday's CNBC interview, Peck was pressed on whether Twitter could become an M&A candidate. The analyst mentioned Google as a potential buyer and commented that "if the products don't work, it's an M&A target," alluding to the numerous product catalysts mentioned in today's optimistic research note. Note that on August 5, Re/code quoted sources as saying the last truly meaningful merger conversation between the two companies took place about two years ago. PRICE ACTION: Shares of Twitter are up roughly 5% to $28.21 in intraday trading, adding almost $1.50 to Friday's $26.84 closing price.
13:01 EDTGOOGGoogle rolls out Android Wear for iOS
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09:09 EDTGOOGMP Associates to hold a conference
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09:07 EDTGOOGSanofi, Google Life Sciences to collaborate to improve diabetes health outcomes
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07:05 EDTGOOGTwitter upgraded to Buy from Neutral at SunTrust
SunTrust analyst Robert Peck upgraded Twitter (TWTR) to Buy from Neutral ahead of a "series" of catalysts that he says are coming and may move the stock higher. Among the new initiatives and partnerships that could increase users and engagement for 2016, Peck lists Twitter's deal with Google (GOOG), its Project Lightning initiative and its potential for more business development deals similar to Flipboard. With Twitter shares down about 50% since the end of Q1, Peck believes sentiment on the microblog operator's shares has "washed out," he tells investors in his research note. Peck keeps a $38 price target on shares of Twitter, which closed Friday at $26.84.
06:39 EDTSSNLFJudge rules Apple, Samsung stop further filings, AppleInsider reports
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06:24 EDTGOOGCCI charges Google with abusing market dominance, Economic Times reports
The Competition Commission of India is charging Google (GOOG) with abusing its dominant market position by rigging search results, a claim corroborated by Flipkart, Facebook (FB), Nokia's (NOK) maps division, MakeMy-Trip.com (MMYT), and several other companies, the Economic Times reports. The case marks the first globally where an antitrust body is formally raising such charges against Google, the report says. CCI might impose a fine of up to 10% of Google's income, the report says. Reference Link
06:10 EDTGOOGBanks lobby EU over privacy rules overhaul, FT reports
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August 30, 2015
21:03 EDTGOOGGoogle adds home service professionals to search results, WSJ says
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19:52 EDTGOOGApple ad blocker poses challenge for publishers, Google, WSJ says
Apple's (AAPL) forthcoming iOS 9 mobile operating system will allow users to download ad blocking software, potentially posing a threat to digital publishers as well as Google's (GOOG) massive advertising business, reports the Wall Street Journal. "Apple is going to create a massive consumer appetite for blocking ads," anti-ad blocking firm PageFair's CEO Sean Blanchfield told the publication. Reference Link
14:47 EDTGOOGGoogle shares could see 20% upside, Barron's says
Shares of Google still have 20% upside as the company's financials improve and YouTube continues to grow, Barron's contends in its 'Follow Up' column. Google's recent financial results have shown an uptick in revenue growth as well as reduced growth in both costs and head count, Barron's says, adding that Goldman Sachs' recent $800 price target looks "plenty feasible." Reference Link
14:22 EDTGOOGSecular growth stocks look attractive amid market volatility, Barron's says
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August 28, 2015
07:12 EDTGOOGWilliam Blair names 21 stocks best positioned for volatile markets
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05:52 EDTSSNLFTrendforcce expects global tablet shipments to reach 163M units, DigiTimes says
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August 27, 2015
14:42 EDTSSNLFFitbit shares approach historical lows as Apple Watch gains traction
Fitbit (FIT) shares are eyeing their lowest levels since their IPO in June after the IDC reported that Apple (AAPL) Watch shipments are nipping on the heels of Fitbit's market dominance in wearables. WHAT'S NEW: The International Data Corporation, or IDC, released its quarterly wearables device report on Thursday, showing that Apple reached the number two spot in the global wearables market with 3.6M shipments of the Apple Watch during Q2. Notably, Apple Watch shipments lagged just 800,000 units behind Fitbit's 4.4M units for the quarter. Total shipment volume for the space was up 223.2% year-over-year to 18.1M. Commenting on the metrics, IDC research manager Ramon Llamas said Apple's "participation benefits multiple players and platforms within the wearables ecosystem," though he also cautioned that the tech giant "forces other vendors -- especially those that have been part of this market for multiple quarters -- to re-evaluate their products and experiences." Rounding out the numbers, Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000, and Samsung (SSNLF) shipped 600,000. HARDWARE CHALLENGES: Aside from concerns of user churn, an oft-noted potential risk for Fitbit investors is the potential that limited-use fitness wearables will be absorbed into grander, multi-function devices. On June 21, Barron's opined that specialized devices "often get subsumed," and provided the example of iPod's music functions being largely replaced by similar features in the iPhone. Various research firms have downplayed the "absorption" issue, however. On June 25, Leerink remarked that fitness trackers "occupy a different piece" of the market, and on June 30, RBC said its studies at the time showed divergence between fitness wearables and smart watches. Leerink reiterated its bullish view of the sector as recently as August 24, commenting that "interest in the category remains deep." PRICE ACTION: Shares of Fitbit have plunged roughly 9% in intraday trading, while Apple is up about 2% amid broader market gains.
14:39 EDTGOOGGoogle volatility elevated on wide price movement
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11:44 EDTGOOGGoogle says EC's Statement of Objections 'incorrect'
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11:25 EDTSSNLFSamsung Pay beta available on all U.S. carriers except Verizon, Verge reports
Samsung (SSNLF) Pay's beta is available on all major U.S. carriers, including AT&T (T), Sprint (S), T-Mobile (TMUS), and U.S. Cellular (USM), except for Verizon (VZ), the Verge reports. Verizon is "evaluating" Samsung Pay currently, and may very well miss the September 28th launch of the product, the report says. Reference Link
08:38 EDTSSNLFApple Watch shipments total 3.6M in Q2, IDC says
Apple (AAPL) reached the number two spot in the global wearables market, having shipped a total of 3.6M units of its Apple Watch in Q2, just 800,000 units behind Fitbit's (FIT) 4.4M units, according to the International Data Corporation's Worldwide Quarterly Wearable Device Tracker. Total shipment volume for the quarter came to 18.1M units, up 223.2% from the 5.6M units shipped in 2Q14. "Anytime Apple enters a new market, not only does it draw attention to itself, but to the market as a whole," noted Ramon Llamas, Research Manager for IDC's Wearables team. "Its participation benefits multiple players and platforms within the wearables ecosystem, and ultimately drives total volumes higher. Apple also forces other vendors - especially those that have been part of this market for multiple quarters - to re-evaluate their products and experiences. Fairly or not, Apple will become the stick against which other wearables are measured, and competing vendors need to stay current or ahead of Apple. Now that Apple is officially a part of the wearables market, everyone will be watching to see what other wearable devices it decides to launch, such as smart glasses or hearables." Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000 units and Samsung (SSNLF) shipped 600,000.
August 26, 2015
18:16 EDTGOOGGoogle still looks attractive, Barron's says
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