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Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:52 EDTGOOGGoogle advances after reporting higher than expected revenue
Shares of Google (GOOG) are climbing after the company reported higher than expected fourth quarter revenue, but lower than expected profit. WHAT'S NEW: Google's fourth quarter earnings per share came in at $12.01, versus analysts' consensus estimate of $12.26. The company's revenue came in at $16.86B, surpassing the consensus estimate of $16.75B. Google stated that the volume of clicks on paid ads jumped 31% last quarter versus the same period in 2012, while the average cost per click fell about 11% over the same period. Revenue from the company's sites rose to $10.55B last quarter, up from $8.64B in the same period in 2012. Gross revenue from its Google segment climbed 22%, while the company's other revenue surged 99% to $1.6B. The large increase in other revenue was driven by higher sales of apps and content from the company's Play store. Google said the momentum of its new product listing ads was strong, while sales of its hardware devices were also strong. ANALYST REACTION: A number of research firms reacted to Google's results by increasing their price targets on the stock. Deutsche Bank analyst Ross Sandler increased his price target on the shares to $1,310 from $1,220. He wrote that the growth of the company's core business accelerated, and the company should benefit from a significant increase in the number of mobile transactions,and kept a Buy rating on the stock. FBN Securities analyst Greg Naso increased his price target on the stock to $1,400 from $1,300. The search giant announced earlier this week that it was selling the Motorola Mobility unit, which should cause Google's profitability to rise significantly and is a strong positive for the company, Naso believes. He reiterated an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Google shares climbed $44.67, or 3.93%, to $1,180.06.
News For GOOG From The Last 14 Days
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January 14, 2015
12:21 EDTGOOGGoogle to launch smartphone in test market of Puerto Rico, Tech Crunch says
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10:27 EDTGOOGFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTGOOGGoogle initiated with a Buy at Rosenblatt
Target $575.
09:36 EDTGOOGActive equity options trading
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08:15 EDTGOOGGoogle sentiment may be overly negative, says RW Baird
Baird believes investor sentiment for Google may be overly negative, exacerbated by the accelerating shift to mobile. The firm believes that 50%-60% of Google's revenues are already coming from Mobile, Video, Local Enterprise and other segments, which removes worries about desktop dependence. Baird also noted the company's valuation is at the low end of comparable multiples, suggesting a favorable risk/reward scenario. Baird reiterated its Outperform rating and $680 price target on Google shares.
07:41 EDTGOOGGoogle risk/reward compelling, says SunTrust
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06:29 EDTGOOGCompanies reach new deal on worker hiring issue, Reuters says
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06:14 EDTGOOGMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
13:56 EDTGOOGGM open to partnering with Google on self-driving cars, Time says
GM (GM) would be open to having a discussion with Google (GOOG) about jointly developing self-driving cars, GM Chief Technology Officer Jon Lauckner said, according to Time Magazine. Reference Link
12:32 EDTGOOGGoogle February volatility elevated as shares rally from 14-month low
Google January call option implied volatility is at 21, January weekly is at 22, February is at 28, March is at 23; compared to its 26-week average of 22 according to Track Data, suggesting large near tem price movement.
09:36 EDTGOOGActive equity options trading
Active equity options trading according to Track Data: AAPL AMD AA TWTR GILD C CELG TSLA GOOG
January 12, 2015
13:14 EDTGOOGAnalysts take opposite sides in regards to Google shares
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11:19 EDTGOOGGoogle set to provide real-time translation via Translate app, NY Times reports
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10:00 EDTGOOGOn The Fly: Analyst Downgrade Summary
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09:40 EDTGOOGGoogle no longer fixing older Android security flaws, WSJ reports
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09:22 EDTGOOG23andMe announces collaboration with Pfizer
Google (GOOG)-backed 23andMe announced an agreement with Pfizer (PFE) that will provide Pfizer with access to 23andMe’s research platform, including services and Research Portal analysis of 23andMe’s genotyped population of over 800,000 individuals, of which more than 80 percent have consented to participate in research. 23andMe’s Research Portal enables qualified and approved scientists outside of 23andMe the opportunity to leverage the company’s unique research model while still protecting the privacy and security of 23andMe’s customers. As a part of the agreement, the companies will collaborate on certain genome-wide association studies, surveys, and clinical trial recruitment. One of these collaborations will be a longitudinal study to better understand the genetics of lupus. This study will entail enrollment and genotyping of 5,000 people into a new lupus research community, and include the integration of medical records, targeted bio-sampling along with genetic information for all participants. This announcement follows a collaboration between 23andMe and Pfizer to enroll 10,000 people with Inflammatory Bowel Disease in a research initiative designed to explore the genetic factors associated with the onset, progression, severity and response to treatments for IBD. Nearly 4,000 patients have been enrolled in the community since August 2014.
08:21 EDTGOOGApple poised to gain market share, says JMP Securities
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08:02 EDTGOOGGoogle shares undervalued, says Bernstein
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07:38 EDTGOOGGoogle downgraded to Neutral from Overweight at Atlantic Equities
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06:46 EDTGOOGGoogle downgraded to Neutral from Overweight at Atlantic Equities
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