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Stock Market & Financial Investment News

News Breaks
July 17, 2014
16:16 EDTGOOGLGoogle Class A shares up 1% to $587.18 after Q2 report
News For GOOGL From The Last 14 Days
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May 28, 2015
13:52 EDTGOOGLVisa says Google first partner to participate in Digital Enablement Program
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10:55 EDTGOOGLGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:51 EDTGOOGLRumor: Tesla moves higher on renewed Google speculation
Shares of Tesla (TSLA) are moving higher on renewed speculation Google (GOOGL) may have accumulated a stake in the company.
10:11 EDTGOOGLAnalyst says Google non-search assets to drive strong growth
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May 27, 2015
07:20 EDTGOOGLMicrosoft bringing Cortana assistant to iOS, Android, The Verge reports
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May 21, 2015
10:15 EDTGOOGLDISH Sling TV releases app for Android TV
DISH (DISH) confirmed that Sling TV launched its Android TV application for Google’s (GOOG) Nexus Player, available for immediate download in the Google Play Store. New customers can purchase a Nexus Player at a 50% discount when they pre-pay for three months of Sling TV or customers can choose to sample Sling TV on their Nexus Player for seven days at no cost, DISH added.
10:04 EDTGOOGLDISH bringing Sling TV to Android TV platform, TechCrunch reports
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May 19, 2015
08:20 EDTGOOGLVerizon CFO sees net phone additions in Q2
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May 18, 2015
11:47 EDTGOOGLAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
May 15, 2015
08:46 EDTGOOGLMobile operators ad blocking plan sets up fight with Google, FT reports
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May 14, 2015
12:03 EDTGOOGLVringo seeks Supreme Court review of reversal of judgment against Google
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