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News Breaks
May 28, 2014
07:56 EDTTCEHY, channel added to Tencent WeChat, Marbridge Daily says
Some users upgrading to a new version of Tencent's (TCEHY) WeChat mobile messaging app have reported a "shopping" portal sourced from and its e-commerce sites, reported Marbridge Daily, citing DoNews. Reference Link
News For JD;TCEHY From The Last 14 Days
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November 25, 2015
09:40 management to meet with Jefferies
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November 24, 2015
05:48 EDTTCEHYAlibaba shopping stake in Meituan-Dianping, WSJ reports
Alibaba (BABA) is in talks to sell a stake in Meituan-Dianping, an online booking and discounts platform in China, as part of a plan to focus on an alternative platform of its own, The Wall Street Journal reports. According to sources, Alibaba is shopping its roughly 7% stake in the company, worth about $1B, in a move to focus on the Koubei platform that it launched last June with its financial affiliate. Rival Chinese Internet company Tencent (TCEHY) is said to be planning a $1B investment in Meituan-Dianping, the publication also notes. Reference Link
05:43 EDTTCEHYApple to launch Apple Pay in China by February, WSJ reports
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November 20, 2015
12:37 EDTJDOptions with decreasing implied volatility
Options with decreasing implied volatility: GMCR JMEI ANF JD ETE SYF ROST TJX BBY CSC
10:52 EDTJDOptions with decreasing implied volatility
Options with decreasing implied volatility: GMCR JMEI ANF JD ETE SYF ROST TJX BBY CSC
November 18, 2015
10:10 EDTJDOptions with decreasing implied volatility
Options with decreasing implied volatility: INSY PRGO SYF KSS LOCO ATML JWN JD MEG MWE
November 17, 2015
08:03 EDTTCEHYWestern Union offers new global money transfer service on WeChat
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November 16, 2015
12:28 EDTJDOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday as markets around the world, most notably in Europe, held up better than may have been expected after the terrorist attacks in Paris. ECONOMIC EVENTS: In the U.S., stock futures were pointing to a higher open early this morning, showing a good amount of resiliency in the face of the events in France this weekend. However, the futures weakened following the release of manufacturing data from the N.Y. region, leading to a slightly lower open for the broader market. The Empire State index edged up to -10.74 in November, which was improved from the -11.4 reading for last month but below expectations for a -6.50 reading. In Asia, Japan's gross domestic product declined 0.8% in the third quarter, missing expectations for a 0.2% decrease and taking the nation's economy back into recession. COMPANY NEWS: Starwood Hotels & Resorts (HOT) found a buyer, but it was not the one that recent reports had been foreshadowing. Starwood and Marriott (MAR) announced a merger agreement under which the companies will create the world's largest hotel company. Starwood, which had been linked in media reports to a number of other potential buyers in the past, including Hyatt (H) most recently, fell 6% following the deal announcement, while Marriott shares slid fractionally. MAJOR MOVERS: Among the notable gainers was (JD), which rallied 9.5% after the company reported third quarter earnings. Also higher was CONSOL Energy (CNX), which gained 6% after Business Insider reported that Greenlight Capital's David Einhorn reiterated the company as his "best idea" while presenting at the Robin Hood investors conference. Among the noteworthy losers was SunEdison (SUNE), which fell over 6.5% after quarterly filings showed that at least two prominent hedge funds have exited or trimmed their stakes in the company. Also lower was Clovis (CLVS), which was down 70% after it announced that the FDA requested additional data for rociletinib. INDEXES: Near midday, the Dow was up 68.18, or 0.4%, to 17,313.42, the Nasdaq was down 5.62, or 0.11%, to 4,922.27, and the S&P 500 was up 6.19, or 0.31%, to 2,029.23.
09:50 reports Q3 EPS RMB 0.02 vs. RMB 0.27 last year
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November 13, 2015
15:15 volatility elevated into Q3 and outlook November call option implied volatility is at 111, December is at 69, January is at 62; compared to its 52-week range of 35 to 73, suggesting large near term price movement into the expected release of Q3 results on November 16.
November 12, 2015
16:27 EDTJDOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened in negative territory and weakened throughout the day, pushing equities down to their lowest levels of November. Comments made by Fed officials early in the day lent more uncertainty, not more clarity, regarding the chances of a rate hike at the FOMC meeting in December. The commodity sector was also weak, led by oil, which saw benchmark U.S. prices hit a three month low as WTI crude slid below $42 per barrel. ECONOMIC EVENTS: In the U.S., initial jobless claims were unchanged at 276,000 in the week of November 7, versus expectations for 270,000 first-time claims. The JOLTS report showed job openings rebounded 149,000 to 5.53M in September. In Europe, European Central Bank president Mario Draghi, in remarks delivered in a hearing in the European Parliament, once again signaled that the bank is ready to boost stimulus at its December meeting, if warranted. COMPANY NEWS: Shares of Angie's List (ANGI) gained $1.05, or 13.26%, to $8.97 after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, rose 92c, or 3.66%, to $25.90 following the revelation of the takeout bid for Angie's List... Department store owner Kohl's (KSS) advanced $2.64, or 6.12%, to $45.80 after its third quarter earnings and revenues beat expectations... Shares of PayPal (PYPL) were weak for a second straight session following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Shares of PayPal slipped 1.8% to close at $36.33 yesterday following The Wall Street Journal's report, then dipped another 2.1% to close at $35.57 today. MAJOR MOVERS: Among the notable gainers was Eros International (EROS), which rebounded 65c, or 7.88%, to $8.90 after calling allegations of security laws violations "baseless and misleading." Also higher was Splunk (SPLK), which rose $1.61, or 2.82%, to $58.78 after research firm JMP Securities reiterated an Outperform rating on the name, saying recent checks indicate that spending on Splunk products "remains healthy." (JD) advanced 3.2% to $28.78 after reporting 130% sales growth for China's Singles Day event. Among the noteworthy losers was Fairmount Santrol (FMSA), which fell 66c, or 22%, to $2.34 after reporting downbeat third quarter earnings and suspending its earnings guidance due to market "uncertainty." Also lower was Advance Auto Parts (AAP), which declined $30.00, or 15.41%, to $164.67 after its quarterly report missed analyst expectations, which came alongside a retirement announcement by its CEO and news of Starboard chief Jeff Smith being appointed to the company's board. Additionally, Derma Sciences (DSCI) lost 27.9% to $4.04 after terminating its Phase 3 clinical trials of aclerastide for the treatment of foot ulcers due to futility. INDEXES: The Dow fell 254.15, or 1.44%, to 17,448.07, the Nasdaq lost 61.94, or 1.22%, to 5,005.08, and the S&P 500 dropped 29.03, or 1.4%, to 2,045.97.
11:21 EDTJDDeutsche, Bernstein bullish on Alibaba following Singles Day
Two research firms were upbeat on Chinese e-commerce giant Alibaba (BABA) after the company reported results from China's "Singles Day" holiday yesterday. Deutsche Bank hiked its price target on the stock to $98 from $89, while Bernstein wrote that the company's gross merchandise volume could accelerate this quarter. BACKGROUND: Alibaba reported that it generated $14.3B of gross merchandise volume on Singles Day, a 60% increase from 2014's event. ANALYST REACTION: The 60% year-over-year increase in Alibaba's Singles Day volume exceeded Deutsche Bank's outlook for a 40% increase, analyst Alan Hellawell III stated. Alibaba is benefiting from improved logistics and its monetization rate "should trend up nicely going forward," Hellawell believes. The analyst raised his estimates for the company and kept a Buy rating on the shares. It's difficult to predict Alibaba's Q3 gross merchandise volume, or GMV, based on its Singles Day sales, wrote Bernstein analyst Carlos Kirjner. However, using "reasonably conservative assumptions," it appears that Alibaba's GMV growth will accelerate in Q3. Specifically, Kirjner estimated that even if Singles Day accounts for a significantly higher percentage of the company's Q3 GMV than in 2014, its year-over-year Q3 GMV growth could reach 36%-47% this quarter, up from 28% last quarter. The analyst also believes that his previous GMV growth estimates for the company for the next two years may have been too low. He now predicts that Alibaba's GMV will increase in the high 20s-low 30s percentage range in fiscal 2016 and in the mid to high 20s in fiscal 2017. Kirjner kept a $110 price target and Outperform rating on the shares. WHAT'S NOTABLE: (JD), an online direct sales company operating in China, also announced "record-breaking" one-day results from its November 11 Singles Day sale. The 24-hour sale saw the number of orders grow by 130% and an increase in GMV of more than 140% compared to last year, the company said. PRICE ACTION: In late morning trading, Alibaba was flat at $79.82, while rose more than 4% to trade above $29 per share.
07:38 volatility elevated into Q3 and outlook November call option implied volatility is at 95, December is at 66, January is at 62; compared to its 52-week range of 35 to 73, suggesting large near term price movement into the expected release of Q3 results on November 16.
05:42 enters JV with Otto Group and Otto Group announced the establishment of a joint venture, or JV, to provide B2C ecommerce services for international brands on the platform. Based in Germany, the new JV, Zitra, will serve as an accelerator for international brands looking to expand their sales on's leading e-commerce marketplace by providing services including third party operation, marketing strategies, IT system handling, logistics and post-sale services.
05:36 announces singles day orders up 130%
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November 11, 2015
14:18 EDTJDNordstrom volatility increases into Q3 and outlook
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