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Stock Market & Financial Investment News

News For NFLX;GOOG;AMZN;DIS;NWSA;CMCSA;TWX From The Last 14 Days
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July 23, 2015
18:22 EDTAMZNAmazon.com says prime membership continues to grow
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18:21 EDTCMCSAOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
18:16 EDTAMZNAmazon.com says AWS segment income rose 407%
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17:38 EDTAMZNAmazon.com reports Q2 AWS net revenue up 81% to $1.82B
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16:14 EDTAMZNAmazon.com reports Q2 AWS segment net sales $1.82B
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16:12 EDTAMZNAmazon.com jumps 14% to $549.50 after reporting Q2 profits
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16:12 EDTAMZNAmazon.com sees Q3 revenue $23.3B-$25.5B, consensus $23.89B
Sees Q3 operating income (loss) to be between ($480M) and $70M, compared to ($544M) million in third quarter 2014.
16:11 EDTAMZNAmazon.com reports Q2 EPS 19c, consensus (14c)
Reports Q2 revenue $23.18B, consensus $22.39B. Operating cash flow increased 69% to $8.98B for the trailing twelve months, compared with $5.33B for the trailing twelve months ended June 30, 2014.
15:04 EDTAMZNNotable companies reporting after market close
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14:17 EDTGOOGEarnings Watch: Visa reports after 'top pick' mention by Bernstein
Visa (V) is expected to report third quarter results after the close on July 23, with a conference call scheduled for 5:00 pm ET. Visa is a global payments technology company. EXPECTATIONS: Analysts are looking for earnings per share of 59c on revenue of $3.36B. EPS consensus ranges 54c-65c on a revenue range of $3.32B-$3.41B, according to First Call. LAST QUARTER: On April 30, Visa reported second quarter EPS of 63c against expectations for 62c, and reported revenue of $3.41B versus estimates of $3.34B. During its quarterly conference call, the company noted that "we're now looking at Q3 fully diluted EPS being 6c-8c lower than analyst's current expectations," adding that results are likely to be pressured by higher client incentives. Visa executives also disclosed expectations for a "meaningful step-up" in Q3 expense growth, with a number of marketing and technology initiatives having shifted towards the latter half of the year. PEERS: American Express (AXP) reported quarterly earnings after the close on July 22, with earnings above consensus estimates but revenue somewhat below expectations, noting a "significant" impact from a stronger U.S. dollar on international operations. NEWS: On May 8, Bloomberg reported that Visa was in preliminary talks to acquire Visa Europe for $15B-$20B, according to sources. On June 3, Visa and FireEye (FEYE) announced a strategic partnership to co-develop tools and services to protect against cyber attacks targeting payment data. On June 5, the Wall Street Journal reported that, due to Visa and MasterCard (MA) having finalized their card-security technology, Google's (GOOG) Android Pay will not be earning any transaction fees from credit-card issuers, and on June 17, Reuters reported that a U.S. appeals court affirmed that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa. STREET RESEARCH: On May 19, Pacific Crest's Josh Beck shifted his preference to MasterCard from Visa, though he noted that the shift was simply due to Visa's outperformance over the past year. On May 20, Bernstein noted that the risk/reward ratio for both Visa and MasterCard looks positive, with the companies offering secular growth, "compelling" business models, and modest risk. More recently on July 14, Bernstein named Visa among its "Vintage Values 2016" list, citing the company's U.S. acquirer price increase and expectations that the Visa Europe put option will be exercised this year. PRICE ACTION: Shares of Visa have fallen just under 1% to $71.41 ahead of Thursday's earnings report.
13:53 EDTGOOG, AMZN, NFLX“Fab Five” option implied volatility
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13:18 EDTAMZNAmazon.com July weekly 35 straddle priced for 9.3% movement into Q2
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13:13 EDTGOOG, AMZNEarnings Watch: Amazon to report Q2 results after ‘record breaking’ Prime Day
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13:03 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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12:32 EDTCMCSAOn The Fly: Top stock stories at midday
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11:23 EDTGOOGGoogle announces program to help give patents to startups
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10:24 EDTAMZNAmazon.com technical comments ahead of earnings
The key technical feature, most easily seen on a 5-year chart, is that a recent bullish pennant pattern has completed. Heading into earnings, even good news might still result in a retracement which is typical following a pattern's completion. That process may be underway as price eases down from the life high at $493.20. If there is strongly bullish news, the life high is the only resistance level on the chart. A breakout would likely mean a move to $500 and potentially much higher. Without overhead resistance, there is nothing to prevent a further run. Potential targets at $525 and $550 could be tested given the momentum coming into earnings. But such a move would be an extension of the already-parabolic advance, and typically these do not end well. A better scenario would be a consolidation in price at higher levels that builds support. If the news disappoints there is little in the way of enduring support below given the recent jumps. There is a zone of support at the $450 area which could be tested. Such a price drop would retrace the entire "pole" off the pennant that has brought shares to current levels. Below $450 there is only the low of the pennant pattern itself at the $425 area and then a zone of support below at $410 to $400 due to a price gap which was the first breakaway from resistance at the $400 area.
10:20 EDTGOOGGM CEO says just completed car sharing program at Google HQ
General Motors (GM) CEO Mary Barra made the comment on the company's Q2 earnings conference call.
09:58 EDTCMCSAComcast slips after earnings, levels to watch
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07:20 EDTCMCSAComcast reports Q2 NBCUniversal revenue of $7.2B
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