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October 6, 2015
05:43 EDTAMZNAmazon launch not immediate threat to Splunk, says UBS
UBS analyst Brent Thill attributes yesterday's weakness in shares of Splunk (SPLK) to Amazon's (AMZN) launch of its own Elasticsearch Service, which on the surface looks competitive to Splunk's Cloud offering. After speaking with Splunk management, however, Thill views Amazon's launch as more of a "Wall Street headline risk" than an immediate competitive threat to Splunk's financials. Amazon's product seems more high-level and less solution-centric compared to Spunk, Thill tells investors in a research note titled "All Analytics Not Created Equal." Shares of Splunk closed yesterday down $1.06 to $55.30. Thill keeps a Buy rating on the name with a $76 price target.
October 5, 2015
09:39 EDTAMZNeSports seen as next big growth opportunity in media
Competitive video game playing in organized leagues, or eSports, is on the verge of reaching mainstream adoption and moving from an engagement tool to a monetization opportunity for video game makers, according to Baird analyst Colin Sebastian, who calls the trend the "biggest media and sports growth opportunity you've never heard of." NEXT BIG THING: eSports could have 200M active and engaged participants as early as next year and can grow from about $200M this year to $1B in revenues by 2018, Sebastian tells investors this morning in a research note. Game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO) are "natural beneficiaries," according to Sebastian, who believes that eSports has the potential to drive earnings growth and multiple expansion for the sector. eSports is still mainly a tool to help engage and keep core gamers, but Sebastian expects this to change quickly as game makers focus on incremental revenue opportunities and increasing average revenue per user. The analyst also sees "significant opportunities" from eSports for online streaming platforms, like Amazon's (AMZN) Twitch and Google's (GOOG) newer platform, as well as for Microsoft (MSFT), Sony (SNE) and PC and component makers. ANOTHER eSPORTS BULL: Jefferies analyst Mark Lipacis previously told investors that he believes the surging popularity of competitive video gaming on a global basis will benefit game publishers as well as hardware companies like NVIDIA (NVDA). In a note to investors last month, the analyst said that Activision Blizzard had five of the top fifteen most popular games on Twitch in July, and contended that the company looks best positioned among game makers to benefit from the eSports opportunity. On the date of his eSports note, Lipacis upgraded NVIDIA to Buy from Hold, saying secular growth in gaming will trump PC weakness. The company's Gaming Graphics Processing Unit is "under the radar" and has grown 23% annually over the past three years, noted Lipacis, who raised his price target for shares to $30 from $23. PRICE ACTION: In early trading, Activision Blizzard rose 1.4% to $31.90, Electronic Arts gained 1.04% to $67.18 and Take-Two Interactive advanced 0.85% to $29.64.
09:36 EDTIBMIBM agrees to acquire Cleversafe
IBM announced it has entered into a definitive agreement to acquire Cleversafe, a developer and manufacturer of object-based storage software and appliances. The acquisition aims to strengthen IBM's leadership positions in storage and hybrid cloud and support clients' drive to next generation mobile, social and analytics applications. Financial terms of the deal were not disclosed. Once the deal closes, IBM will integrate the Cleversafe portfolio into its IBM Cloud business unit to give clients strategic data flexibility, simplified management, and consistency with on-premise, cloud, and hybrid cloud deployment options.
07:19 EDTIBMOpen Mobile Media to hold a summit
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07:15 EDTADBEAdobe to hold a conference
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October 4, 2015
17:53 EDTAMZNAmazon to add analytics service to cloud computing unit, WSJ says
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October 2, 2015
11:32 EDTWMT, AMZN, TGTAnalyst sees Amazon becoming #2 player in $425B consumables market
Amazon (AMZN) will advance to the number two position in the $425B U.S. consumables market, excluding food and beverages, by 2018, research firm Cowen predicted in a note to investors today. WHAT'S NEW: Amazon's "multi platform approach around Prime" is enabling it to gain share in the U.S. market for goods including personal care, household, pet and baby products, Cowen analyst John Blackledge stated. Specifically, the e-commerce giant is effectively using its Amazon Prime, Amazon Prime Now, Amazon Pantry and Amazon Fresh offerings to sell consumables and it has significantly increased the number of fulfillment centers it operates, lowering its delivery times, according to Blackledge. The company's delivery times are now "well ahead of (the) competition," the analyst reported. The e-commerce giant's strategy in the consumables market appears to be working, as Cowen's proprietary data indicates that the company is gaining share in the category, Blackledge wrote. Additionally, Amazon is beginning to attract more customers from Wal-Mart (WMT) and Target (TGT), he believes. PRICE ACTION: In late morning trading, Amazon slipped 0.4% to $518.70.
10:15 EDTWMTWal-mart to cut 450 jobs at Atlanta headquarters, Reuters reports
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10:03 EDTTGTTarget to begin selling Apple Watch at stores this week
Target (TGT) announced that the Apple (AAPL) Watch is coming to Target stores this week and all stores by October 25. At, Apple Watch will be available beginning Oct. 18. Reference Link
09:38 EDTIBMIBM set to test 52-week low
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09:36 EDTAMZNActive equity options trading on open
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08:35 EDTADBEAdobe volatility flat into analyst meeting
Adobe October call option implied volatility is at 30, November is a 29; compared to its 52-week range of 18 to 47, suggesting non-directional price movement into a company host analyst meeting on October 6.
08:21 EDTTGT, AMZN, WMTAmazon to be number two player in U.S. consumables by 2018, says Cowen
John Blackledge and the research team at Cowen project that (AMZN) will grow to be the number two player in the $425B market for U.S. consumables - which they define as personal care, household, pet and baby products - by 2018. The firm expects Amazon to use its multi-platform approach, centered around Prime, to help the e-commerce giant gain share in consumables at the expense of Wal-Mart (WMT), Target (TGT), Walgreens (WBA) and CVS Health (CVS). Cowen has Outperform ratings on Amazon and Target and a Market Perform rating on shares of Wal-Mart.
08:07 EDTADBEAdobe to host analyst meeting
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06:51 EDTWMTWal-Mart Chile eyes shopping center chain sale, Reuters says
Wal-Mart Chile is eyeing a sale of its chain of shopping centers in an effort to focus on its larger supermarket operations in Chile, Reuters reports. The plan would involve the sale of 10 "Espacio Urbano" centers throughout the country, totaling roughly 250,000 square meets, the report says. Reference Link
06:48 EDTJCPJ.C. Penney announces actions to de-risk pension plan
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05:57 EDTAMZNAmazon's 7-inch tablets to benefit Taiwan, China supply chain, DigiTimes says
Amazon's recently launched 7-inch tablet for $49.99 could benefit supply chain makers in Taiwan and China, reports DigiTimes. According to industry sources, the company is expected to take deliveries of the tablet in large volumes to meet the expected large orders coming in. Reference Link
05:47 EDTBBYStocks with implied volatility below IV index mean; BBY NKE
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October 1, 2015
13:26 EDTAMZNAmazon to end sale of Apple, Google streaming devices, Bloomberg says
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12:57 EDTJCPOptions with increasing put volume
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