New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 1, 2015
10:07 EDTGOOGLGoogle, Apple seen benefiting from Internet of Things emergence
Subscribe for More Information
09:46 EDTGOOGLCriteo rises after said to add Alibaba, Target as customers
Shares of digital marketing solutions provider Criteo (CRTO) are rising in early trading after research firm Pacific Crest raised its price target on the stock. The firm also notes that it appears Criteo has recently added Alibaba (BABA) and Target (TGT) as customers. WHAT'S NEW: In a note to investors this morning, Pacific Crest analyst Evan Wilson said that the firm's checks indicate that Criteo now has cookies on 49% of the top 100 retail and travel websites in the U.S. Wilson noted that Google (GOOG) has 76% of the top 100, but suggested also that its heavy overlap with Criteo reinforces the view that the two companies' cookies serve different purposes. Wilson said Target was a notable Criteo win in the U.S. during Q2, while also saying the firm discovered that some Alibaba sites outside of China now have a Criteo cookie for the first time. Wilson raised his 2016 estimates for Criteo citing the continued strong checks and increased the firm's price target on the stock to $65 from $55. PRICE ACTION: In early trading, Criteo grained $2.30, or 4.8%, to $49.97.
08:30 EDTGOOGLGoogle outlook improved due to Internet of Things forecast, says JMP Securities
Subscribe for More Information
June 30, 2015
10:38 EDTGOOGLWells Fargo upbeat on core eBay, Bernstein bullish on PayPal
Wells Fargo issued an upbeat note on the outlook for eBay's (EBAY) core business, while another research firm, Bernstein, was bullish on the company's soon to be spun off PayPal (PYPL) unit. eBay has said that it will spin off its PayPal online payments unit through a distribution to eBay shareholders on July 17. CORE EBAY: The shares of core eBay are likely to offer a "unique value opportunity" following the spin-off, as many growth investors will probably sell their shares in eBay creating "an interesting entry point." Wells Fargo stated. eBay's business model is "arguably better" than that of most retailers, as it has no inventory risk, better margins, and more efficient capital deployments than most other companies in the sector, Wells believes. Numerous initiatives that the company is undertaking, including structured data and a simplified listing process, could enable eBay to beat expectations going forward, Wells contended. Additionally, there is little risk to fiscal 2016 estimates for eBay, since its guidance does not factor in any improvement in its business, the firm believes. Noting that "when issued" shares of eBay and PayPal are slated to start trading on July 9, Wells says that eBay's shares would provide "exceptional value" if they trade anywhere near the current $20 per share implied value of core eBay. At $25, the shares would still provide "excellent value," the firm added. PAYPAL: The growth of Internet payments is in its infancy and has "vast untapped potential," according to Bernstein analyst Carlos Kirjner. PayPal's total payments volume should have a compound annual growth rate of over 20% in the next three years, helping its revenue to jump by a CAGR of at least 17% over the period, the analyst stated. Since PayPal's position in mobile is strong, competing services from Apple (AAPL) and Google (GOOG) will, at most, create a small headwind to PayPal's growth over the next three years, Kirjner contended. Moreover, PayPal has room to cut its costs, enabling its margins to expand and its earnings to grow faster than its revenue over the longer term, the analyst stated. He values PayPal at $43 per eBay share. PRICE ACTION: In early trading, eBay added 0.7% to $59.77.
08:37 EDTGOOGLTwitter integration with Google could accelerate user growth, says Canaccord
Subscribe for More Information
08:22 EDTGOOGLMicrosoft deal with AOL for Bing doesn't move needle, says Citi
Subscribe for More Information
07:08 EDTGOOGLGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
June 29, 2015
07:13 EDTGOOGLGoogle, Facebook competing heavily in video market, NY Post says
Subscribe for More Information
06:24 EDTGOOGLResearch shows Google hurts users by skewing search results, WSJ reports
New research by two U.S. academics shows that Google is harming internet users and violating competition laws by skewing search results to favor its own products and services, the Wall Street Journal reports. The study may present a “significant twist” in the European Union’s antitrust investigation into Google’s supposed anticompetitive practices, the report says. The research shows that users were 45% more likely to click on results that were ranked purely by relevance as opposed to the way Google ranks them currently, the Wall Street Journal says.Reference Link
June 26, 2015
06:58 EDTGOOGLLost My Name raises $9M in funding round led by Google Ventures, TechCrunch says
Subscribe for More Information
06:11 EDTGOOGLGoogle, Delphi self driving cars have near collision in Palo Alto, Reuters says
Subscribe for More Information
June 25, 2015
06:31 EDTGOOGLMicrosoft focusing on increasing smartphone sales in India, WSJ reports
Subscribe for More Information
June 24, 2015
09:30 EDTGOOGLGoogle competing with itself after unveiling free music service, Bloomberg says
Subscribe for More Information
June 23, 2015
12:08 EDTGOOGLPandora down 1% after Google launches free music service
Subscribe for More Information
06:14 EDTGOOGLGetty filed a complaint against Google to EU earlier this year, WSJ reports
Getty Images complained earlier this year to European antitrust authorities that Google unfairly favors its image search service over rivals, the Wall Street Journal reports. The European Commission told Getty in early June that its concerns were valid and added Getty as an “interested third person” in its search manipulation case against the search giant, according to a document reviewed by the Wall Street Journal. Reference Link
June 19, 2015
14:49 EDTGOOGLEU sends charge sheet to Google, demands search changes, WSJ reports
The European Union sent a formal charge sheet to Google in April, within which it demands changes to the way Google ranks rival shopping services in its general search results that go far beyond the company's own proposal last year to settle the concerns, said The Wall Street Journal, citing three people familiar with the matter. Reference Link
12:53 EDTGOOGLEU demands Google make changes in new charge sheet, DJ reports
07:26 EDTGOOGLOxford Sciences raises GBP320M from Dunstone, Google Ventures, Telegraph says
Subscribe for More Information
06:17 EDTGOOGLEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use