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Stock Market & Financial Investment News

News Breaks
June 2, 2014
13:52 EDTGOOGLGoogle Class A slips lower, levels to watch
The shares are trading lower after news that Apple's next version OS X, Yosemite, will use Microsoft's Bing for search. At the current price of $560.33, next support is at $556.70, the low of the session so far. Resistance is at $562.90.
News For GOOGL From The Last 14 Days
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January 30, 2015
10:28 EDTGOOGLAnalysts upbeat on Google despite earnings miss
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07:44 EDTGOOGLGoogle website revenue growth encouraging, sayst JMP Securities
After Google reported weaker than expected Q4 results, JMP Securities was nonetheless encouraged by the 18% revenue growth of the company's owned and operated websites. The firm thinks that YouTube is executing well, while Google's traction in mobile is increasing and the factors that negatively impacted its other revenue growth are fixable. The firm keeps an Outperform rating on the shares.
07:24 EDTGOOGLGoogle results could improve in 2015, says Pacific Crest
Pacific Crest says that Google's Q4 results were disappointing, but the firm believes that the company hinted that its spending could decelerate this year. Additionally, the firm is more upbeat on YouTube. It continues to recommend buying the stock.
07:22 EDTGOOGLMarket looks set to open sharply lower
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07:06 EDTGOOGLGoogle core business grew at healthy rate, says Cantor
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06:26 EDTGOOGLGoogle price target lowered to $629 from $652 at Citigroup
Citigroup lowered its price target for Google shares to $629 saying currency will remain a significant headwind for the foreseeable future. Citi, however, believes "overly negative sentiment" is priced into shares following Google's weaker than expected Q4 results and keeps a Buy rating on the name.
January 29, 2015
15:37 EDTGOOGLNotable companies reporting after market close
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13:17 EDTGOOGLEarnings Preview: Amazon sees Q4 revenue $27.3B-$30.3B
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of 17c on revenue of $29.67B. The consensus range is (41c)-56c for EPS, and $28.83B-$30.24B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of (96c) against estimates of (74c), on revenue of $20.58B against estimates of $20.84B. The company gave Q4 revenue guidance of $27.3B-$30.3B and Q4 operating income guidance of ($570M)-$430M, compared to $510M in the year-ago period. Amazon also reported Q3 operating cash flow up 15% to $5.71B. During its Q3 earnings conference call, Amazon reported Q3 active customer accounts exceeded 260M and said it viewed international as a "big opportunity" for growth. The company also said it was seeing "great growth" in Prime and noted that it was not planning to change the price. NEWS: During the quarter, Amazon's Audible unit acquired online comedy service Rooftop Media for an undisclosed amount and its Twitch platform acquired GoodGame; Amazon also acquired Annapurna Labs, an Israeli startup. The company said it plans to create more than 1,000 full-time jobs with a $75M in investment in Illinois. China Daily said Amazon would enable Chinese consumers to shop on its overseas websites and The Globe and Mail said Amazon would offer same-day shipping in Canada. During the fall, Amazon experimented with utilizing taxi cab services as a delivery method throughout San Francisco and Los Angeles using the mobile app Flywheel, according to The Wall Street Journal. Amazon's Fire TV Stick started shipping in November for $39 and outfitted several U.S. warehouses with wheeled robots that move stocked shelves to workers and are expected to speed delivery. Amazon Chief Executive Officer Jeff Bezos told Business Insider CEO Henry Blodget that the company has a succession plan in place. Amazon also announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items and The Wall Street Journal said the company was practicing one-hour deliveries with bike messengers in New York City. European regulators said Amazon's tax arrangements in Luxembourg could give the company an illegal advantage over competitors and that the method Luxembourg used to calculate taxes payable by Amazon did not comply with international guidelines.U.S. technology giants like Amazon, Google (GOOG), Facebook (FB), Microsoft (MSFT) and others are "very worried" about the backlash they are now facing in Europe and U.S. companies may now remove services in some European countries because it isnít worth the trouble and cost to cater to local laws in some of those countries, said The Wall Street Journal. Scott Wapner of CNBC stated on Twitter that sources tell him that Carl Icahn has "no stake at all" in Amazon, which had moved higher earlier amid rumors of Icahn getting involved in the stock. Most recently, Amazon said its Amazon Studios unit will begin to produce and acquire original movies for theatrical release and early window distribution on Amazon Prime Instant Video. The company also discontinued its Amazon Elements line of diapers after less than two months. Additionally, Amazon announced Amazon WorkMail, an email and calendar service. STREET RESEARCH: Robert W. Baird believes Amazon WorkMail could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon. Piper Jaffray, which has an Overweight rating and $400 price target on the stock, believes Amazon.com shares are pricing in a soft margin outlook ahead of the company's December quarter results. Piper says that while it is unsure about near-term margins, it thinks any upside would be rewarded disproportionately. It also thinks the market is already expecting 2015 revenue to come down by 1%-2% due to currency moves. JPMorgan keeps a Neutral rating on Amazon.com ahead of the company's Q4 results but says it is "warming up" to the stock. The firm believes Prime subscriber growth has been strong worldwide and raised its price target for shares to $323 from $307. PRICE ACTION: Amazon.com shares have increased over 3.7% over the last three months. In Thursday trading ahead of the Q4 report, Amazon.com shares are up fractionally.
13:10 EDTGOOGLEarnings Preview: Google down more than 5.7% since last earnings report
Google (GOOG, GOOGL) is expected to report fourth quarter earnings after the market close on Thursday, January 29 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 $7.11 on revenue of $18.46B. The consensus range is $6.39-$7.97 for EPS, and $17.95B-$18.99B for revenue, according to First Call. LAST QUARTER: Google reported third quarter EPS of $6.35 against estimates of $6.53 on revenue of $16.52B against estimates of $16.57B. Google reported Q3 aggregate paid clicks up 17% and Q3 average-cost-per-click down 2%. The company also reported Q3 Sites revenue $11.25B and Q3 Network revenue $3.43B. NEWS: In the past quarter, Google acquired Firebase, RelativeWave and Revolv, while also developing a business relationship with PwC. Google partnered with PwC to bid for a Department of Defense Healthcare Management Systems contract. Google's YouTube launched a Music Key Beta monthly subscription service after negotiating music licensing deals with thousands of independent labels in November. YouTube also said it plans the launch of original content initiative by the end of 2015. Operationally, Google has shut down its news service in Spain and engineering operations in Russia. A Wall Street Journal report said Google was near a $1B investment in SpaceX and a Financial Times report said Chromebooks overtook Apple's (AAPL) iPads for the first time in U.S. schools. STREET RESEARCH: Google was downgraded at BofA/Merrill, Stifel and Atlantic Equities, citing a lack of product catalysts, search maturity, margin pressure from investments, and challenges due to an ongoing shift to mobile. The company's price target was also lowered at JPMorgan, citing slower organic growth, the strength of the U.S. dollar, and the company's ongoing investments. Citigroup, on the other hand, is upbeat on the company. Citi analysts say Google has underperformed its Internet index, but believes the worst case scenario is largely baked into Google shares at current levels. Citi also says Google's total worldwide search revenue is expected to be $51B in 2014 with $12B coming from mobile devices. Bernstein said Google shares are undervalued and concerns for apps that could derail Google's search engine are overdone. SunTrust also said the company's risk/reward is compelling, and Google could potentially create a positive surprise by initiating a dividend. Ahead of earnings, BGC Financial believes Google should be bought. BGC Financial expects Google to report Q4 paid click growth of 17% and a cost-per-click decline of 2%. PRICE ACTION: Google shares have fell more than 5.7% since the first day of trading following the company's Q3 report. In Thursday afternoon trading ahead of Q4 report, Google shares are down a little over 1%.
12:18 EDTGOOGLGoogle Class A technical notes ahead of results
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January 26, 2015
12:56 EDTGOOGLGoogle shares should be bought ahead of earnings, says BGC Financial
BGC Financial analyst Colin Gillis expects Google (GOOG, GOOGL) to report Q4 Paid Click growth of 17% and a Cost Per Click decline of 2%, resulting in revenue of $18.9B and adjusted EPS of $7.22, both of which are above the consensus forecasts. Gillis recommends investors buy Google shares ahead of Thursday's earnings report and maintains a Buy rating and $650 price target on the stock.
January 23, 2015
08:07 EDTGOOGLU.S. tech giants nervous about backlash in Europe, WSJ says
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January 22, 2015
14:57 EDTGOOGLRKG data read through for Google a positive, says Morgan Stanley
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13:57 EDTGOOGLGoogle initiated with a Buy at Societe Generale
Target $615.
January 21, 2015
16:28 EDTGOOGLGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobileís (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
January 16, 2015
09:09 EDTGOOGLYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link

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