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Stock Market & Financial Investment News

News For NFLX;AMZN From The Last 14 Days
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October 30, 2014
06:34 EDTAMZNHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
06:30 EDTAMZNAmazon.com opens overseas websites to Chinese consumers, China Daily says
Amazon.com yesterday announced that it would enable Chinese consumers to shop on its overseas websites, according to China Daily. Reference Link
06:28 EDTAMZNLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
October 29, 2014
16:02 EDTNFLXOptions Update; October 29, 2014
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10:00 EDTAMZNOn The Fly: Analyst Initiation Summary
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07:40 EDTAMZNAmazon.com initiated with an Overweight at Morgan Stanley
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07:17 EDTAMZNAmazon hires CIOs to pitch AWS to customers, WSJ reports
As it continues to face increasing competition from IBM (IBM), EMC (EMC) and Microsoft (MSFT), Amazon (AMZN) is hiring chief information officers to pitch its AWS business to customers, according to the Wall Street Journal. Amazon recently hired former Dow Jones CIO Stephen Orban to become head of enterprise strategy at Amazon Web Services, while Douglas Menefee, CIO of Schumacher Group from 2005 to 2013, joined AWS as an enterprise CIO advisor earlier this year. Reference Link
06:05 EDTNFLXStocks with implied volatility below IV index mean; UNP NFLX
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October 28, 2014
16:00 EDTNFLXOptions Update; October 28, 2014
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09:37 EDTAMZNActive equity options trading
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09:02 EDTAMZNPandora names Chris Phillips as Chief Product Officer
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08:31 EDTAMZNAmazon to buy stake in Indian start-up QwikCilver, Economic Times reports
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07:47 EDTAMZNYahoo CEO attempts to poach Amazon's Utzschneider, Re/code reports
Yahoo (YHOO) CEO Marissa Mayer has been aggressively seeking some high-level help aid her turnaround, Re/code reports. According to sources, Mayer including has been attempting to poach Lisa Utzschneider, Amazon’s (AMZN) head of global advertising sales. Other sources say Utzschneider is likely to make the switch to Yahoo, and an announcement could be made this week. Reference Link
06:08 EDTAMZNAmazon.com to invest $75M and create 1,000 jobs in first Illinois facility
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October 27, 2014
16:00 EDTNFLX, AMZNOptions Update; October 27, 2014
iPath S&P 500 VIX Short-Term Futures down 52c to 32.66. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
13:38 EDTAMZNAmazon acquires online comedy service Rooftop Media, Retuers reports
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13:12 EDTAMZNWayfair rises after analysts roll out coverage with upbeat notes
Shares of e-commerce home goods retailer Wayfair (W) are rising after a number of analysts initiated coverage of the stock with a "Buy" or an equivalent rating. WHAT'S NEW: Wayfair gives investors a rare chance to invest in a pure play e-commerce retailer that generates high growth and has an attractive valuation, Wells Fargo contended. Wayfair appears to have few of the same products as Amazon (AMZN) and does not charge much more than the e-commerce giant, Wells stated. Moreover, as far as home products are concerned, Wayfair offers customers the best online experience, Wells contended, after evaluating Wayfair and 14 other retailers. Wayfair is in the best position to capitalize on the home products market, according to the firm, which started coverage of the stock with an Outperform rating and a $33-$34 price target. Also enthusiastic about Wayfair was Pacific Crest analyst Chad Bartley. Wayfair is growing quickly and it should generate revenue growth of about 25%-29% in 2015 and 2016, Bartley estimated. However, the company is generating losses as it increases its investments in ads, products and technology, the analyst stated. Although this strategy will likely cause Wayfair to lose money through 2016, the company should generate positive earnings before interest taxes depreciation and amortization over the longer term, the analyst predicted. Moreover, Wayfair's revenue is growing more quickly than its peer average, but its valuation is below the average of its peers, according to Bartley, who expects this gap to narrow. He placed a $39 price target on the stock. PRICE ACTION: In early afternoon trading, Wayfair rose 3.5% to $26.03. WHAT'S NOTABLE: Wayfair priced 11M shares at $29 and opened trading at $36 in its initial public offering on October 2.
10:00 EDTAMZNOn The Fly: Analyst Initiation Summary
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09:37 EDTAMZN, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
09:13 EDTAMZNAmazon.com initiated with a Neutral at Monness Crespi
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09:01 EDTAMZNAmazon introduces Fire TV Stick
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07:19 EDTAMZNAdvertisers slow to warm to Amazon's Twitch despite big audience, WSJ says
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06:24 EDTAMZNUSPS approved to continue grocery delivery test, WSJ reports
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06:15 EDTNFLXStocks with implied volatility below IV index mean; NFLX CREE
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October 26, 2014
13:19 EDTAMZNAmazon.com doesn't look like a bargain, Barron's says
Investors looking for a bargain might not want to buy Amazon.com on the dip, as the company could trade with fundamentals this year, Barron's contends in a feature article. Shares could continue lower, creating a better bargain, the paper adds. Reference Link
October 24, 2014
16:54 EDTAMZNMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:20 EDTAMZNOn The Fly: Closing Wrap
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16:02 EDTAMZN, NFLXOptions Update; October 24, 2014
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15:57 EDTAMZNRoku planning to file an IPO, CNBC reports
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12:57 EDTAMZNAlibaba advances after BMO starts coverage with Outperform rating
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12:49 EDTAMZNOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
10:39 EDTAMZNAmazon downgraded at Cowen, Janney after results miss expectations
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10:03 EDTAMZNOn The Fly: Analyst Downgrade Summary
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09:36 EDTAMZNActive equity options trading on open
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09:18 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
09:01 EDTAMZNAmazon says Fire TV selection has tripled since launch
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09:01 EDTAMZNAmazon.com downgraded to Neutral at Janney Capital
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08:57 EDTAMZNAmazon.com guidance 'relatively strong,' says Pacific Crest
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08:55 EDTAMZNAmazon.com price target lowered to $340 from $400 at RW Baird
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08:54 EDTAMZNUPS declines to comment on Amazon, but says adapting to an evolving market
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08:44 EDTAMZNAmazon.com price target lowered to $296 from $350 at B. Riley
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08:21 EDTAMZNAmazon.com downgraded to Market Perform at Cowen
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07:33 EDTAMZNAmazon.com price target lowered to $307 from $340 at JPMorgan
JPMorgan lowered its price target for Amazon.com shares to $307 citing the company's "disappointing" Q3 results and outlook, but it says the numbers are not as bad as they seem given the one-time write-down for the Fire Phone. The firm expects shares to remain under pressure and keeps a Neutral rating on the name.
07:30 EDTAMZNEbola and earnings push futures lower
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07:11 EDTAMZNAmazon.com sell-off creates buying opportunity, says Bernstein
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06:56 EDTAMZNAmazon.com downgraded to Neutral from Buy at Janney Capital
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06:51 EDTAMZNAmazon.com still well-positioned to win over long-term, says Cantor
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06:34 EDTAMZNAmazon.com downgraded to Market Perform from Outperform at Cowen
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06:28 EDTAMZNAmazon says recorded charges of $170M for unsold Fire Phones, other costs
Amazon said in a filing that during the three months ended September 30, it recorded charges estimated at $170M primarily related to Fire phone inventory valuation and supplier commitment costs. The remaining amount of Fire phone inventory, including inventory on hand, inventory held by resellers, and non-cancellable supplier commitments to purchase additional inventory, was $83M as of September 30.
06:11 EDTAMZNStocks with implied volatility above IV index mean; AMZN TLM
Stocks with implied volatility above IV index mean; Amazon.com (AMZN) 41, Talisman Energy (TLM) 83 according to iVolatility.
05:36 EDTAMZNAmazon.com price target lowered to $350 from $420 at Piper Jaffray
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October 23, 2014
18:52 EDTAMZNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
17:50 EDTAMZNAmazon.com reports Q3 active customer accounts exceeded 260M
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16:49 EDTAMZNAmazon.com says Q4 guidance includes about $470M for stock-based compensation
Q4 guidance includes approximately $470M for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates.
16:05 EDTAMZNAmazon.com down almost 7% following Q3 results, Q4 guidance
16:04 EDTAMZNAmazon.com reports Q3 operating cash flow up 15% to $5.71B
Operating cash flow increased 15% to $5.71B for the trailing twelve months, compared with $4.98B for the trailing twelve months ended September 30, 2013. Free cash flow increased to $1.08B for the trailing twelve months, compared with $388M for the trailing twelve months ended September 30, 2013. Free cash flow for the trailing twelve months ended September 30, 2013 includes cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4B.
16:03 EDTAMZNAmazon.com sees Q4 revenue $27.3B-$30.3B, consensus $30.89B
Q4 operating income (loss) is expected to be between ($570M)-$430M, consensus 67c.
16:01 EDTAMZNAmazon.com reports Q3 EPS (95c), consensus (74c)
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16:00 EDTAMZNOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
15:30 EDTAMZNNotable companies reporting after market close
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15:28 EDTAMZNAmazon.com October weekly 312 straddle priced for 7.5% move into Q3
13:36 EDTAMZNEarnings Preview: Amazon sees Q3 revenue $19.7B-$21.5B
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09:39 EDTNFLXActive equity options trading on open
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09:03 EDTAMZNAmazon: AWS cloud computing platform available to German datacenter customers
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07:08 EDTAMZNAmazon.com weekly volatility increases into Q3 and outlook
Amazon.com October weekly call option implied volatility is at 171, November is at 43, December is at 33, April is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
06:05 EDTAMZNApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
16:00 EDTAMZN, NFLXOptions Update; October 23, 2014
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15:06 EDTAMZNAmazon.com technical comments before earnings
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13:14 EDTAMZNMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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13:06 EDTNFLXEarnings Preview: Comcast reporting Q3 results as Time Warner deal progressing
Comcast (CMCSA, CMCSK) is set to report third quarter earnings before the market open on Thursday, October 23, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. On February 13, Comcast announced plans to merge with Time Warner Cable (TWC) in a deal valued at $45.2B. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $16.82B, according to First Call. The consensus range for EPS is 64c-76c on revenue of $16.5B-$17.17B. LAST QUARTER: Comcast reported second quarter EPS of 75c against estimates for 72c, on revenue of $16.84B against estimates for $16.95B. TIME WARNER CABLE DEAL: On August 17, The Wall Street Journal reported that the Federal Communications Commission said that one issue it must decide as it reviewed the proposed acquisition of Time Warner Cable is whether to allow Comcast to continue Time Warner Cable's arrangement to handle programming and technology acquisitions for cable operator Bright House Networks. On August 26, Engadget reported that Netflix (NFLX) filed a formal protest against the Time Warner Cable deal, saying that the merger would result in "serious public interest harm" and that a combined cable giant would have a huge amount of leverage over it and rivals such as Hulu. Hulu is a joint venture owned by Comcast along with Disney (DIS) and 21st Century Fox (FOX,FOXA). The New York Post reported on September 8 that Discovery (DISCA) believed Comcast's takeover of Time Warner Cable would give the merged entity an unfair advantage over programmers. That same day, Reuters said a proxy statement detailed that Time Warner Cable employees would split $416M if the merger deal with Comcast did not transpire. At the Goldman Sachs Communacopia Conference on September 10, Comcast said that it has made "a lot of progress" on the shareholder approval process for the Time Warner Cable deal, but expected the agreement to be finalized in early fiscal year 2015 versus the previous guidance of late 2014. The company expects the Time Warner Cable merger to generate $1.5B in operating expense synergies. On September 16, Comcast said at the Media, Communications and Entertainment Conference that it would reveal its capital plan at the close of the Time Warner Cable deal and noted at that time that "everything was on track" regarding the merger. The Wall Street Journal reported on September 30 that the FCC pushed for media companies to submit details of their programming agreements with Comcast prior to the Time Warner Cable deal. The FCC announced three days later that it extended time for the companies to file their replies on Comcast regarding the merger. On October 8, Comcast Shareholders approved stock issuance for the Time Warner Cable deal and the next day, Time Warner Cable stockholders approved the Comcast merger deal. STREET RESEARCH: Analysts remained fairly quiet on Comcast throughout the quarter. On September 9, UBS raised its price target on Comcast to $72 from $60 given its strong underlying fundamentals and the expected free cash flow accretion from the Time Warner Cable deal. The firm also said it expected Comcast to accelerate its stock buyback and increase its dividend. UBS kept its Buy rating on the stock. On October 17, Goldman Sachs said that Comcast was its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. The firm maintained the stock with a Buy rating and a $64 price target. PRICE ACTION: Since the first day of trade following its Q2 report on July 22, shares of Comcast are down about 3.5%. Since it announced its deal with Time Warner Cable on February 13, shares of the media company have fallen just under 6%. In late-morning trade ahead of tomorrow’s Q3 report, shares of Comcast are down fractionally.
11:59 EDTAMZNStocks with call strike movement; MYL AMZN
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07:56 EDTAMZNAmazon.com weekly volatility increases into Q3 and outlook
Amazon.com October weekly call option implied volatility is at 131, November is at 40, December is at 33, April is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
06:14 EDTNFLXStocks with implied volatility below IV index mean; XLNX NFLX
Stocks with implied volatility below IV index mean; Xilinx (XLNX) 24, Netflix (NFLX) 35 according to iVolatility.
October 21, 2014
16:00 EDTNFLXOptions Update; October 21, 2014
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09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:03 EDTAMZNAmazon says Kindle Voyage starts shipping today
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07:45 EDTAMZNMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:49 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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06:27 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
October 20, 2014
16:00 EDTAMZN, NFLXOptions Update; October 20, 2014
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15:40 EDTAMZNAmazon in new contract with Simon & Schuster, WSJ reports
Amazon.com (AMZN) and CBS’s (CBS) Simon & Schuster unit have reached a new multi-year print and digital contract that replaces an existing one set to expire in two months, according to The Wall Street Journal, citing people familiar with the situation. Details of the new contract couldn’t be immediately learned, but the report notes that a person close to the talks said that the new deal “is good for both companies” and that Simon & Schuster is “very happy” with the pact. Reference Link
12:01 EDTAMZN, NFLXNetflix, Amazon recomended as short ideas by Fred Wilson, Bloomberg reports
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06:01 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
05:59 EDTAMZNStocks with implied volatility above IV index mean; DISH AMZN
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October 17, 2014
16:55 EDTNFLXStocks end volatile week lower amid oil price plunge
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16:01 EDTAMZNOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
12:38 EDTNFLXNetflix shares 'so far underpriced right now its amazing,' says Cuban
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12:17 EDTNFLXMark Cuban says buying Netflix shares, sees company as M&A target
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11:38 EDTNFLXCuban say buying Netflix stock, predicts 'someone will try to buy them'
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10:58 EDTNFLXHBO streaming service may cost around $15 a month, The Information reports
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09:38 EDTNFLXActive equity options trading on
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09:22 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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06:24 EDTNFLXStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:22 EDTAMZNStocks with implied volatility above IV index mean; GT AMZN
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06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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October 16, 2014
16:30 EDTNFLXOn The Fly: Closing Wrap
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16:01 EDTNFLX, AMZNOptions Update; October 16, 2014
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14:42 EDTAMZNeBay appears done with same-day delivery 'experiment,' Re/Code says
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12:29 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, though well off their worst levels. The market opened sharply lower following less than stellar quarterly reports from some of the country’s largest corporations and a number of in-focus "momentum" names such as Netflix (NFLX) and eBay (EBAY). The early drop extended the market’s recent declines and put the averages close to correction territory. The market moved off its lows after a regional Fed president, who'd recently been seen as hawkish, said in an interview that the central bank should consider delaying the end of quantitative easing and that it should be more data driven than time driven. The comments were attributed as the catalyst for a reversal that brought the averages all the way back to positive territory, though the market has once again drifted back into negative ground. ECONOMIC EVENTS: In the U.S., initial jobless claims decreased by 23K to 264K last week to hit their lowest level since April 2000. Industrial production rebounded 1.0% in September, beating expectations for a rise of 0.4% and pushing capacity utilization up to 79.3% from 78.7% previously. The Philadelphia Fed manufacturing index fell 1.8 points to 20.7 in October, which was not as low as the expected 19.9 reading. The NAHB homebuilder sentiment index fell 5 points to 54 in October, versus expectations for it to hold steady at 59. Also of significant note, St. Louis Fed President James Bullard, who is not a voting FOMC member though was quoted recently saying that a rate hike might be appropriate as soon as early next year, reversed course this morning and told Bloomberg in an interview that the Fed should consider delaying an end to its quantitative easing program. COMPANY NEWS: Shares of Netflix (NFLX) plunged 22% after the company provided lower than expected Q4 profit guidance and reported lower than expected subscriber data. The move after its earnings report last night also follows Time Warner's (TWX) announcement yesterday of plans for a standalone HBO online service and Piper Jaffray saying it believes CBS (CBS) will similarly launch an over-the-top Showtime offering next year... eBay (EBAY) shares slipped nearly 6% after the company missed revenue expectations for the third quarter and lowered its outlook for fiscal 2014. Following the report, analysts at both RBC Capital and CLSA downgraded the stock. MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 17% after the company announced that it sold Marcellus and Utica shale assets to Southwestern Energy (SWN) for $5.375B. Shares of the buyer Southwestern, however, fell 8% after the deal announcement. Also lower was Extreme Networks (EXTR), which dropped almost 19% after cutting its first quarter outlook citing significant delays with its North American deals as well as headwinds in Europe. INDEXES: Near midday, the Dow was down 28.46, or 0.18%, to 16,113.28, the Nasdaq was down 16.16, or 0.38%, to 4,199.16, and the S&P 500 was down 2.08, or 0.11%, to 1,860.41.
12:11 EDTAMZNeBay sinks after trimming fiscal 2014 revenue outlook
Shares of e-commerce company eBay (EBAY) are sinking after the firm missed revenue expectations for the third quarter and lowered its outlook for for fiscal 2014. The mid-point of its fourth quarter earnings per share, as well as its Q4 revenue guidance also fell below analysts' consensus estimates. WHAT'S NEW: Last night, eBay reported Q3 EPS of 68c and revenue of $4.35B, compared to consensus of 67c and $4.37B, respectively. For the quarter, Marketplaces segment toatl net revenue increased $129M from last year, Payments segment total net revenue increased $330M and Enterprise segment total net revenue increased $7M. In a filing, eBay said that it had no material operating expenses directly related to a cyberattack, but noted that the cyberattack did adversely affect its Marketplaces revenue in the quarter. The company said it is currently unclear whether any loss of customer trust resulting from the breach could negatively impact its Marketplaces segment's results of operations on an ongoing basis or "require us to increase promotional efforts to regain such trust." WHAT'S NOTABLE: Looking ahead, eBay forecast Q4 EPS of 88c-91c and revenue of $4.85B-$4.95B, versus consensus estimates of 91c and $5.16B, respectively. The company announced that FY14 EPS would come in at the low end of its previous guidance of $2.95-$3.00, compared to consensus of $2.97. eBay also lowered its FY14 revenue outlook to $17.85B-$17.95B from $18B-$18.3B, versus analysts' consensus estimates of $18.15B. eBay cited slower Marketplace growth and FX headwinds for the reduced guidance. eBay said PayPal is on track to process 1B mobile transactions in 2014 and that it expects the PayPal separation to be complete in 2H15. ANALYST REACTION: This morning, research firm RBC Capital downgraded eBay to Sector Perform from Outperform following the Q3 report, citing softness in Marketplaces and lower than expected Payments segment margins. The firm lowered its price target on the shares to $55 from $62. Another firm, Stifel, said eBay shares are approaching compelling levels. However, Stifel noted that it is reluctant to become more positive on the stock without more information about the PayPal spin off, potential cost structure changes after the spin and before the stabilization of current operating trends. Stifel kept a Hold rating on the shares. CLSA downgraded eBay to Underperform from Buy and lowered its price target to $52 from $66. The firm cited ongoing issues with Marketplaces, execution risks post split, diminishing PayPal competitive advantages and potential M&A barriers. PRICE ACTION: In intra day trading, eBay fell $3.13, or about 6.3%, to $47.10 on heavy trading volume. Including today's pull back, the shares have lost approximately 12% over the past 12 months. OTHERS TO WATCH: Other ecommerce companies include Amazon.com (AMZN), down 1.8%, and Mercadolibre (MELI), down 0.9%.
10:39 EDTNFLXNetflix tumbles after guidance, subscribers miss expectations
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10:23 EDTAMZNAmazon.com breaks below $300, levels to watch
Shares have broken psychologically important support at $300, last at $299.59. At that price, next support is at $296.76. Resistance is at $305.01.
10:01 EDTNFLXOn The Fly: Analyst Upgrade Summary
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10:01 EDTNFLXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:39 EDTNFLXActive equity options trading on open
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09:26 EDTNFLXNetflix long-term growth intact, says BTIG
BTIG would not sell Netfix and said issues are short-term and that long-term growth is intact. The analyst said content quality is ramping and the company has an underappreciated technology lead of incumbent media peers and is able to produce content an a far more efficient, global scale, increasing its international expansion opportunities. Shares are Buy rated
09:23 EDTNFLXOn The Fly: Pre-market Movers
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09:21 EDTNFLXNetflix core competitive advantages appear intact, says Pacific Crest
After Netflix reported Q3 results that Pacific Crest views as weak, the firm thinks the company's core competitive advantages appear to be intact. The firm believes that the company has much growth and profit potential remaining. It cut its price target on the name to $490 from $530 but keeps an Outperform rating on the shares.
08:06 EDTAMZNAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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07:58 EDTNFLXNetflix weakness a buying opportunity, says RW Baird
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07:23 EDTNFLXFutures suggest market plunge
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07:19 EDTNFLXNetflix new content can 'reinvigorate' growth, says JPMorgan
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07:16 EDTNFLXNetflix shares should be bought on weakness, says RBC Capital
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07:04 EDTNFLXNetflix price target lowered to $415 from $500 at Cantor
Cantor cut its price target on Netflix after the company reported lower than expected Q3 subscriber growth and provided lower than expected Q4 subscriber guidance. However, the firm keeps a Buy rating on the shares, citing the ongoing shift to Internet TV and Netflix's strong position in that segment.
06:39 EDTNFLXNetflix October volatility elevated into disappointing Q3
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06:26 EDTNFLXNetflix price target lowered to $364 from $453 at Citigroup
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06:20 EDTNFLXNetflix downgraded to Fair Value from Buy at CRT Capital
CRT Capital downgraded Netflix to Fair Value and reduced its price target to $375 from $510 following disappointing Q3 results. The analyst said Netflix invests heavily in content and expansion, faces increasing competition, and lack s enough near-term catalysts to move shares.
06:00 EDTNFLXNetflix upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Netflix to Hold with a $300 price target citing a more favorable risk/reward following the post-earnings sell-off.
05:52 EDTNFLXNetflix price target lowered to $345 from $434 at Piper Jaffray
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05:22 EDTAMZNAmazon.com to add 80,000 seasonal jobs
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