2015년 2월 6일 금요일

Bidness Etc - Afternoon Update (February 6, 2015)

Bidness Etc

Bidness Etc Newsletter

Summary for February 6, 2015

Technology

Yelp Inc (YELP) Plummets As Slower User Growth Spooks Investors

Yelp shares sank as much as 22% in the market today despite the company beating analysts’ estimates for its fourth-quarter earnings
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Here’s Why Citi Lowered GoPro’s (GPRO) Target Price

Citi has lowered its target price on GoPro stock by $11, citing a slow start to 2015 as the reason
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Google Inc Glass To Be Completely Redesigned, Then Re-Launched

About a month ago, the Google Glass explorer program was shut down, but the product will make it back to the market after a few adjustments
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Bernstein Sees Twitter Inc (TWTR) User Growth Slowing Down

Bernstein predicts that the user growth rate for Twitter would continue to slow down in the near future
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eBay Inc (EBAY) Adjusts Fourth-Quarter And Full-Year Results; Posts Profit

The company made a tax adjustment to the tune of $87 million
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Piper Jaffray Cuts Yelp Inc Price Target By $20

Piper Jaffray lowered its price target on Yelp Inc. from $90 to $70, following the company’s weak guidance for FY15
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Sell-side Mostly Bullish In Response To LinkedIn Corp Q4 Earnings

Bidness ETC highlights major sell-side revisions for LinkedIn stock following the company’s 4QFY14 earnings
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Twitter Inc (TWTR) Moves Higher On RBC Capital and Cowen Price Target Upgrades Post-Earnings

Twitter Inc. (TWTR) has moved higher due to lifted price targets amid rumors of a confirmation of a Google-Twitter deal
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International Business Machines Corp. Lands Cloud Deal With Marriott International

IBM signed a new cloud deal with Marriott recently for an undisclosed sum; other recent deals include Opera and Sohonet
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Here’s How The Sell-side Responded To Twitter Inc Q4 Earnings Release

Bidness Etc highlights the sell-side’s reaction and ultimate revisions on Twitter stock, following the micro-blogging site’s release of upbeat fourth-quarter results yesterday
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GoPro Inc Price Target Slashed From $90 To $55 At Piper Jaffray

Piper Jaffray analyst, Sean Naughton, slashed his price target on GoPro from $99 to $55, while maintaining a Neutral rating
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Apple Inc. Seeds Beta Of Photos App For Mac OS X To Developers

Apple releases the beta of Photos for Mac OS X to developers, and pulls the plug from iPhoto and Aperture
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Google Inc Advisory Panel Wants “Right To Be Forgotten” Limited To EU

Google’s panel of experts favors the company’s take on EU privacy policies
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Does Advanced Micro Devices, Inc. Have Upside Potential?

Despite its decline today, many hold AMD in positive light and expect it to benefit from its ongoing diversification
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SEC Investigates Unusual Options Volume In BlackBerry Ltd (BBRY) Stock Ahead Of Samsung Buyout Rumors

The SEC is investigating a sharp hike in options volume in Blackberry shares that happened just hours before Reuters broke the news of rumors that the troubled smartphone maker could be acquired by Samsung
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Canaccord Raises Price Target On LinkedIn Corp (LNKD) On Strong Q4 Results

Canaccord Genuity increases its price target on LinkedIn Corp from $240 to $285, following strong 4Q financial results
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Here’s Why Canaccord Genuity Raises Target Price On Glu Mobile (GLUU) To $6.50

Canaccord analyst Michael Graham has raised the target price on Glu Mobile stock from $6 to $6.50, maintaining a Buy rating, due to the strong fourth-quarter results and improved FY15 guidance
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GoPro Hero 5 Rumors: 8K Video, 3D Recording, 60 FPS Video

With the success of GoPro’s Hero4 camera, attention turns to the Hero5, its expected launch in October, and its rumored features
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Google Inc and Mattel Partner Up To Unveil Mysterious Toy Product

Google has partnered with Mattel, maker of the popular and nostalgic View-Finder toy, to collaborate on a mysterious toy product that will be revealed next Friday
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Industrials

Why Siemens AG (ADR) Is Cutting 7,800 Jobs

Bidness Etc takes a look at what necessitated the job cuts around the world
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Consumer Discretionary

Ford Motor Company Ramps Up European Operations With Additional Investment

The US automaker took the final step in its Spanish expansion project, completes $2.6 billion investment
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Why Morgan Stanley Is Optimistic About Michael Kors Holdings Ltd (KORS) Stock

Bidness Etc looks at Morgan Stanley’s optimist valuation of Michael Kors stock, despite the company’s indication of weaker-than-expected outlook for 4QFY15
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Go Long On Rite Aid Corporation : JPMorgan Chase & Co

JP Morgan addressed some of the concerns that have been pushing down Rite Aid’s share price since early January, recommending investors to go long
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Tesla Motors Inc Unique EV Battery Technology Could Be A Disadvantage

Tesla Motors is the only EV maker that uses small cylindrical battery cells, while other EV makers use larger prismatic cells, posing a potential threat to Tesla’s cost advantage
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Why Best Buy (BBY) Stock Is Rising Today

Best Buy stock is gaining today after receiving an upgrade from Oppenheimer & Co. analyst. The analyst has upgraded the stock from Market Perform to Outperform, with a $43 target price
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Activision Blizzard, Inc. (ATVI) Slips On Weak Guidance

Activision stock is in the red today after the game publisher missed revenues estimates and issued weak guidance
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Tesla Motors Inc Is Snapping Up Apple Inc.’s Manpower

Bidness Etc looks at the employees recruited by Tesla, which include a large proportion of workers that were previously employed at Apple
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Energy

How Long Will Petroleo Brasileiro Petrobras SA (ADR) Turnaround Take?

Bidness Etc looks at the transitional phase underway at Petrobras and approximates how much time will the company’s turnaround initiatives take to help restore investor confidence and increase its market cap to previous levels. Appointment of the right CEO would be a crucial factor to help the company recover
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Why Hedge Funds Have Been Showing An Interest In Tesoro Corporation (TSO) Stock

Bidness Etc looks at the performance of Tesoro Corporation since Greg Goff took over as CEO in 2010. The company has performed extremely well under its diversification strategy, causing the stock to increase amid low oil price
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Petroleo Brasileiro Petrobras SA (ADR) (PBR) Names News CEO; Shares Drop 8.5%

Petrobras shares crash 8.5% as the market expresses its disappointment over the selection of new CEO Alderim Bendine. Investors were expecting the appointment of a more influential, renowned, and experienced candidate
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Healthcare

Gilead Sciences, Inc. (GILD) To Face HCV Headwinds: Credit Suisse

Credit Suisse analysts downgraded Gilead's rating from Outperform to Neutral, and lowered the target price from $130 to $115
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GlaxoSmithKline plc (ADR) ViiV Spinoff

GSK is planning to partially spin off its HIV drug business, ViiV. Bidness Etc analyzes the prospects
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Macro

Strong Employment Growth Continues; Economy Adds 257,000 Jobs In January

Stronger-than-expected job growth in January plus significant revisions in November and December payroll numbers reflect strength in US employment
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