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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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January 25, 2016
14:59 EDTAMZNVIX methodology for Amazon VXAZN +3% to 49.27 into Q4
14:54 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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13:20 EDTAMZNAmazon Prime grew 35% to 54M U.S. members in 2015, CIRP says
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10:44 EDTAMZNAmazon eyeing tighter software team-ups with Android makers, Information says
Amazon (AMZN) is eyeing ways to create tighter software partnerships with Android phone makers, the Information reports, citing people briefed on different aspects of the discussions. The company has had talks over working with phone brands at a "factory level" to integrate its services with devices in a more complex way than just preloading apps, the report says. Such moves would help Amazon gain traction of influence over Android smartphone software, owned by Google (GOOG), the report says. Reference Link
10:10 EDTAMZNAmazon's email 'share' function deemed unlawful by German court, Reuters says
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09:38 EDTJCPJ.C. Penney upgraded to Mixed from Negative at OTR Global
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08:11 EDTIBMWestern Digital acquires over a hundred patents from IBM
Western Digital (WDC) announced that it has acquired more than 100 patent assets from IBM (IBM). The parties also entered into a patent cross-license agreement. Terms of the transaction were not disclosed. Patents acquired by Western Digital are in distributed storage, object storage, and emerging non-volatile memory. Western Digital expects the IP to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents will augment Western Digital's existing portfolio of more than 10,000 patents and patent applications.
07:32 EDTIBMTMC to hold a conference
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07:10 EDTAMZNAmazon.com revenue should beat expectations, says Stifel
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05:51 EDTAMZNOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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05:49 EDTAMZNPiper's Munster sees attractive entry point for Amazon shares
Piper Jaffray analyst Gene Munster is bullish on Amazon.com shares into the company's December quarter results. Concerns over a potential margin reinvestment phase are overblown, Munster tells investors in a research note. He believes Street estimates are mis-modeling Amazon's margin expansion in 2016 and thinks the company's unit growth will likely exceed expectations. He views current share levels as an attractive entry point for investors and keeps an Overweight rating on Amazon with an $800 price target. The stock closed Friday up $21.36 to $596.38.
January 24, 2016
14:40 EDTAMZNCollapse in private tech could ripple into public markets, Barron's says
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11:02 EDTIBMStocks post weekly gain after oil rebounds
Stocks recovered late in the week to post their first weekly gain of the new year as equities continue to be correlated closely with the oil market. A plunge in oil led equities lower early in the holiday shortened week, but as oil prices rebounded to close the week out, the major averages followed suit. MACRO NEWS: In the U.S., the consumer price index fell 0.1% during December, versus expectations for a flat reading. The core reading, which excludes food and energy, showed prices rose 0.1% from the prior month, versus expectations for an increase of 0.2%. Initial jobless claims rose to 293,000 last week, topping the expectation for 278,000 first-time claims. Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast... In Asia, China's national bureau of statistics estimated that GDP growth slowed to 6.8% in the last quarter of the year, dipping from 6.9% growth in the previous quarter. China's industrial output rose 5.9% from a year earlier in December, compared with the consensus forecast for a 6% increase. Japan's Nikkei average was down early in the week, even falling into bear market territory, but rallied nearly 6% on Friday after the Nikkei Asian Review said that the Bank of Japan is taking a "serious look" at additional easing... In Europe, the European Central Bank left its key interest rates unchanged. However, at an associated press conference, ECB President Mario Draghi acknowledged downside risks were increasing again, meaning the bank may need to "review and possibly reconsider" its monetary policy stance at its next meeting in March. Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. The International Monetary Fund cut its global growth forecasts for the third time in less than a year. The IMF now estimates that the world economy will grow 3.4% this year and 3.6% next year, down from its prior forecasts of 3.6% and 3.8% growth, respectively. COMPANY NEWS: On Tuesday, Morgan Stanley (MS) advanced 1% after its earnings and revenue topped analysts' consensus forecast. Big bank peer Bank of America (BAC) slid 1% after its earnings also beat expectations but its revenue narrowly missed the consensus estimate... On Wednesday, IBM (IBM) slid nearly 5% after reporting better than expected earnings and revenue for the fourth quarter, but forecasting below-consensus profits for the new year... On Thursday, Verizon (VZ) was among the best performers on the Dow, advancing over 3% after its earnings, revenue and wireless subscriber additions all topped expectations. Conversely, fellow Dow member Travelers (TRV) slid almost 1% after releasing its own quarterly results... On Friday, American Express (AXP) sunk more than 12% after the card issuer reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors. Fellow Dow member GE (GE) slid a bit more than 1% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) shares gained 6% after the oil services giant reported earnings that topped expectations, approved a quarterly dividend of 50c per share and a new share repurchase program of $10B and said it plans to cut 10,000 more jobs... Netflix (NFLX) reported fourth quarter earnings that beat analyst estimates, powered by better than expected international subscriber growth. The numbers were met with positive commentary by several research firms, though decelerating U.S. subscriber growth was highlighted by bears as a warning sign for the company... Deutsche Bank (DB) disclosed that it expects a EUR2.1B net loss for the quarter due to a number of charges, including expected litigation costs of EUR1.2B... Xilinx (XLNX) advanced after reporting its third quarter numbers. The news may have been overshadowed, however, by a regulatory filing showing new agreements with its top executives, with several analysts highlighting that the change could signal a takeover is in the cards in the future... Alkermes (ALKS) plunged more than 44% after disclosing that two of three Phase 3 studies of its experimental depression disorder treatment did not meet their primary efficacy endpoints. INDEXES: For the four-day week, the Dow gained about 0.67% to close at 16,093.51, the S&P 500 rose about 1.4% to close at 1,906.90, and the Nasdaq increased about 2.3% to close at 4,591.18.
January 22, 2016
16:01 EDTAMZNActionable Options for Friday January 22
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14:46 EDTAMZNEinhorn short Tesla, Netflix, Amazon, Institutional Investor's Alpha says
Greenlight Capital's David Einhorn told attendees to his firm's annual meeting that he is making short bets against high-fliers Tesla (TSLA), Netflix (NFLX) and Amazon.com (AMZN), according to Institutional Investor's Alpha, citing a source who heard the presentation. Reference Link
14:44 EDTAMZNDavid Einhorn short Tesla, Netflix, Amazon, Institutional Investor's Alpha says
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11:18 EDTIBMSplunk outperforms after analyst predicts major deal with IBM
Shares of Splunk (SPLK) are rising in Friday morning trading after Northland opined that the "Big Data" software products company and tech giant IBM (IBM) may be close to a meaningful partnership. WHAT'S NEW: Northland analyst Tim Klasell heard from a "few industry sources" that Splunk and IBM are "moving closer together" and could agree to a meaningful partnership over time. The analyst told investors in a research note that IBM is getting close to a "big move to improve its ties" with Splunk. While Klasell did not know the financial details, he believes such a partnership could be a "nice tailwind" for Splunk to sign larger deals. The analyst has an Outperform rating on Splunk with an $80 price target. WHAT'S NOTABLE: IBM, which reported earnings on January 19, said on its quarterly conference call that it was making "significant progress" in transitioning to a cloud company. "In 2015, our strategic imperatives of cloud, analytics, mobile, social and security grew 26% to $29B and now represent 35% of our total revenue," said IBM CEO Ginni Rometty. "As we transform to a cognitive solutions and cloud platform company, we are well positioned to continue delivering greater value to our clients and returning capital to our shareholders." Two days after IBM's fourth quarter earnings report, on January 21, the company acquired Ustream, a provider of cloud-based live video streaming services, in a move designed to extend the IBM Cloud platform to help enterprise clients unlock the value of video. Financial terms of the deal were not disclosed. PRICE ACTION: Shares of Splunk are higher by 2.9% to $49.88 in Friday morning trading, while shares of IBM are down fractionally.
06:59 EDTIBMSplunk, IBM may be close to meaningful partnership, says Northland
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06:50 EDTIBMMarket selloff may lead to business technology takeovers, WSJ says
The recent market selloff is hitting the business technology sector, but may come with an opportunity for the top companies in the sector to acquire smaller companies, the Wall Street Journal says. Companies such as Box (BOX), Hortonworks (HDP), Workday (WDAY), and others may become takeover targets for groups such as IBM (IBM), HP Enterprise (HPE), Cisco (CSCO), and SAP (SAP), the report says. Reference Link
05:57 EDTAMZNAmazon to increase European expansion plans, Financial Times reports
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