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Stock Market & Financial Investment News

News For IBM;ADBE;BBY;WMT;AMZN;TGT;SHLD;NILE;JCP From The Last 14 Days
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November 24, 2014
10:32 EDTBBYOptions with decreasing implied volatility
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10:16 EDTAMZNAmazon SSS up 47% in third week November, eBay up 12%, ChannelAdvisor says
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09:57 EDTIBMRumor: IBM moves up on renewed activist investor speculation
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09:39 EDTAMZNActive equity options trading
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09:14 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
Sears Holdings overall option implied volatility of 80 compares to its 26-week average of 57 according to Track Data, suggesting large near term price movement into the expected release of Q4 results.
08:56 EDTIBMEricsson, IBM collaborate to research phased-array antenna designs for 5G
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08:38 EDTWMTWal-Mart names former American Airlines CEO Tom Horton to board
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08:34 EDTADBEJefferies software analysts hold an analyst/industry conference call
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November 21, 2014
16:36 EDTBBY, TGTMarket ends week higher as domestic data, foreign central banks boost shares
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15:08 EDTAMZNOptions Update; November 21, 2014
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12:31 EDTAMZNAmazon.com looking to launch new video streaming service, NY Post says
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11:30 EDTBBYGameStop plummets after Q3 results, profit outlook trail analysts' estimates
Shares of video game retailer GameStop (GME) are sinking after reporting third quarter results, as well as its fourth quarter and full year profit forecasts, that trailed analystsí consensus estimates. WHAT'S NEW: GameStop last night reported Q3 adjusted earnings per share of 57c and revenue of $2.09B, trailing analysts' consensus estimates of 61c and $2.2B, respectively. Consolidated comparable store sales dropped 2.3% for the quarter. The company said topline and comparable store sales were negatively impacted by the delayed release of Assassinís Creed Unity. GameStop said new hardware sales increased 147.4% during the quarter, outpacing industry growth of 102.4%. Additionally, GameStop said it reached 47.3% new software market share in Q3. WHATíS NOTABLE: Looking ahead, GameStop forecast adjusted Q4 EPS of $2.08-$2.24, below analysts' estimates of $2.28. GameStop expects Q4 SSS to be down 5% to up 2%. The company cited several titles being moved out of 2014 and the current sales trends of prior generation software for the weak outlook. For FY14, GameStop narrowed its EPS view to $3.40-$3.55 from $3.40-$3.70, trailing analysts' estimates of $3.68. Full year comparable store sales growth is now expected to be up 2%-5%, down from its prior view of 6%-12% growth. ANALYST REACTION: This morning, research firm Telsey Advisory downgraded GameStop to Market Perform given that the previous thesis for a robust new gaming cycle has not materialized. They said soft Q3 results and lowered guidance indicate the gaming cycle is not as strong as previously thought, and lowered their price target on the shares to $45 from $51. Another firm, RW Baird, called GameStop's Q3 results disappointing, citing its accelerating declines in old generation hardware and software sales, reduced guidance and a key title delay. Baird maintained its Outperform rating on GameStop shares, but lowered its price target to $50 from $52. Janney Capital said that GameStop's mobile miss is surprising and disappointing given the iPhone 6 launch and the company's need for mobile growth to break its dependence on the game cycle. Prior-gen software declines have been steeper, pushing out the software inflection beyond Q4, which the firm said is later than expected. However, Janney maintained the value of discs will be more evident and ease concerns as game file sizes increase. The firm maintained its Buy rating on the stock, but lowered its fair value estimate to $45 from $50. PRICE ACTION: In late morning trading, GameStop fell $5.9, or 13.52%, to $37.66 on more than three times its average daily trading volume. Including todayís pullback, the stock has lost approximately 23% over the past twelve months. OTHERS TO WATCH: Other video game retailers include Best Buy (BBY), which is up 1%.
10:47 EDTAMZNAmazon reported travel entry viewed positively by Piper's Munster
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10:26 EDTBBYOptions with decreasing implied volatility
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10:01 EDTADBE, AMZNOn The Fly: Analyst Initiation Summary
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10:00 EDTBBYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
09:49 EDTAMZNAmazon.com travel entrance could help margins, says Piper Jaffray
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09:36 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
09:17 EDTWMTOn The Fly: Pre-market Movers
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06:43 EDTAMZNAmazon.com initiated with a Buy at Nomura
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