Alphabet Jumps on the $1K-a-Share Train


Alphabet shares reached a new record high on Monday, surpassing the $1,000 benchmark just a week after Amazon accomplished the feat. Investors placed bets that Google’s core search and emerging artificial intelligence technology will help maintain the company’s dominance over its Silicon Valley rivals. The stock price surged after Pacific Crest securities analyst Andy Hargreaves advised investors in a research note to get out of Apple and invest in Alphabet, which he sees as having a great risk/reward profile and more potential upside.

The original article can be found here: http://www.ecommercetimes.com/story/84584.html?rss=1

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Snap Stock Snaps Back – for the Moment


Snap shares appear to have rebounded from the plunge they took earlier this month, after the newly public company released a massive $2.2 billion loss in the first quarter, but investors still are scratching their heads over the company’s prospects. Trading just over $20 at mid-day Tuesday, Snap looks to some like it has regained its early bloom. Others suspect that darker days are yet to come, as signs of robust growth have been lacking. Snap’s revenue and subscriber growth figures missed consensus estimates in Q1, sending shares tumbling.

The original article can be found here: http://www.ecommercetimes.com/story/84553.html?rss=1

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After Blowout IPO, Is Snap a Keeper?


Shares of Snapchat owner Snap Inc. soared higher on Friday, following Thursday’s successful IPO. After debuting at $17.00 on the New York Stock Exchange, Snap shares rose 44 percent to $24.48 on Thursday, well above analyst expectations, placing the company’s value at $28 billion. The stock continued to trend upward on Friday, trading at $27.16 by mid-day. The Snapchat app is used primarily to send photos and short videos to friends. It initially gained a reputation as a favored app for “sexting” among teenagers and young adults.

The original article can be found here: http://www.ecommercetimes.com/story/84344.html?rss=1

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Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay


Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba’s chairman and representative executive officer, resigned effective Wednesday, the company said. His resignation in part reflects management taking responsibility for the loss of goodwill and the impairment related to Westinghouse’s acquisition of CB&I Stone & Webster from the Chicago Bridge & Iron Co. N.V.

The original article can be found here: http://www.ecommercetimes.com/story/84306.html?rss=1

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Amazon Builds Fulfillment Centers, Investors Grouse


Amazon shares closed at $785.14 on Monday, having failed to rebound from last week’s slide. The company’s stock had closed at $818.36 last Thursday, just before the company reported third-quarter earnings that fell surprisingly short of Wall Street estimates and warned of future revenue weakness. The share price dove $40-plus on Friday. Amazon’s net income rose to $252 million, or 52 cents a share, in the quarter, but analysts had expected 78 cents a share. Operating income rose to $575 million, compared with $406 million a year ago.

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Stock Price Rises as Twitter Slashes Jobs, Uproots Vine


Twitter shares were up Friday in the aftermath of the company’s report of third-quarter earnings that beat Wall Street estimates, despite declining revenue growth. Twitter also announced a widely expected round of job cuts and the unexpected shutdown of Vine. Twitter has been on financial oxygen in recent weeks, after failing to find a buyer. Investors responded positively to the news that it will slash 9 percent of its workforce, or about 350 employees. Further, the company reported an 8 percent profit increase from year-ago figures.

The original article can be found here: http://www.ecommercetimes.com/story/84042.html?rss=1

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Samsung Down, Galaxy Note7 Out


Shares of Samsung Electronics fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. Consumer Product Safety Commission on a voluntary recall and replacement program, spurred by reports that dozens of the new devices had burst into flames due to faulty lithium-ion batteries.

The original article can be found here: http://www.ecommercetimes.com/story/83984.html?rss=1

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Tech Big Shots Rumored Lining Up for Twitter


Twitter shares remained strong Monday after Friday’s sharp rise on reports that it was considering a possible sale, with Google parent Alphabet and Salesforce emerging as two of the most likely buyers. Twitter for more than a year has faced enormous pressure, both internally and from investors, to consider a major shakeup. It has struggled to find ways to monetize its core 140-character microblogging property to achieve convertible streams of revenue, while rival Facebook has continued to grow engagement and develop new revenue streams.

The original article can be found here: http://www.ecommercetimes.com/story/83927.html?rss=1

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Nintendo's Q1 Reflects Struggles Unrelated to Pokemon Go Success


Nintendo shares fell sharply in Tokyo on Wednesday, following its release of a Q1 earnings report that disappointed analyst expectations. The company reported a drop of 31 percent in net sales and an operating loss of about $48 million, which it attributed to growing strength in the Japanese yen but which likely had more to do with dismal sales of the outgoing Wii U console. The weak results come amid a frenzy over the recently released Pokemon Go augmented reality game, which Nintendo felt obliged to address last week.

The original article can be found here: http://www.ecommercetimes.com/story/83742.html?rss=1

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Netflix Shares Fall as Subscriber Growth Hits a Wall


Shares of Netflix fell sharply Tuesday after it reported lower-than-expected Q2 earnings, which the company blamed on subscriber growth that fell short of forecasts. Netflix added 1.7 million subscribers in the quarter, pushing its total membership to more than 83 million, the company told shareholders. However, that growth was far less than the 2.5 million it had projected. “We are growing, but not as fast as we would like or have been,” reads the letter. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever.”

The original article can be found here: http://www.ecommercetimes.com/story/83720.html?rss=1

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Nintendo Shares Surge on Pokemon Go Juggernaut


Nintendo shares soared on Monday after its new augmented reality mobile app, Pokemon Go, burst out of the gate over the weekend in the U.S and in key markets around the globe. The company’s shares rose 36 percent in two days, after downloads of the Pokemon Go app raced to the top of iOS and Android charts in the U.S. The wave of demand exceeded expectations, said Morgan Stanley MUFG analyst Mia Nagasaka, in a note to investors. “Especially noteworthy is that there were no aggressive marketing campaigns prior to the app going live,” she wrote.

The original article can be found here: http://www.ecommercetimes.com/story/83685.html?rss=1

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Tesla Shares Tank on SolarCity Merger Proposal


Shares of Tesla Motors fell sharply Wednesday after the company, helmed by Elon Musk, made an offer to buy SolarCity for $2.8 billion. Musk is the chairman and top shareholder of the struggling alternative energy provider. Tesla made the offer Monday, in a letter to SolarCity CEO Lyndon Rive, noting that Musk and Antonio Gracias, managing partner of Valor Equity Partners, would recuse themselves from voting on the proposal at the SolarCity board meeting. Both had recused themselves from the Tesla board meeting where the deal was approved.

The original article can be found here: http://www.ecommercetimes.com/story/83637.html?rss=1

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New Facebook Stock Class to Keep Zuckerberg in Driver's Seat


Facebook on Wednesday announced its board of directors is proposing a new class of shares that will allow its founder to pursue a number of different initiatives while maintaining long-term control over the company. The news came on the heels of a blockbuster first quarter earnings report. The plan calls for Facebook to offer non-voting Class C capital stock, which will allow CEO Mark Zuckerberg to pursue his long-term vision, as well as outside philanthropic work, while protecting Facebook from a dilution of voting stock and mitigating risk of a succession plan.

The original article can be found here: http://www.ecommercetimes.com/story/83442.html?rss=1

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Wall Street Pummels Apple After Weak Q2 Earnings Report


Apple shares were trading at around $95 as of mid-day Thursday in the wake of the company’s disappointing Q2 earnings report. That was even lower than Wednesday’s opening price, which was down more than $8 from Tuesday’s $104.35 at market close. The company’s second-quarter performance was dismal. The iPhone recorded its first drop in sales — to 51.2 million units, down from 61.2 million in the year-ago quarter — and sales of other products also were down.
Overall sales fell 13 percent to $50.6 billion, and profits were down 22 percent year over year, to $10.5 billion, or $1.90 per diluted share.

The original article can be found here: http://www.ecommercetimes.com/story/83433.html?rss=1

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Apple's Q3 Report Expected to Be Light on Good News


Apple shares closed at $105.08 Monday — down 60 cents — as the market steeled itself for what’s expected to be a gloomy quarterly earnings call on Tuesday. Apple will underperform the smartphone industry and become the only global top-five brand to see shipments decline in 2016, predicted Ming-Chi Kuo, a KGI Securities analyst who previously has made several accurate calls on the company. Global iPhone shipments will fall short of the estimates of 210 million to 230 million units this year, Kuo wrote in a note to investors, totaling 205 million in the best case.

The original article can be found here: http://www.ecommercetimes.com/story/83419.html?rss=1

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Apple returns to over $100 per share ahead of Q1 2016 earnings report

Article Image Shares of AAPL closed above $100 on Friday, as investors bought in ahead of earnings and once again returned the iPhone maker’s stock to three-digit territory.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4d113b50/sc/21/l/0Lappleinsider0N0Carticles0C160C0A10C220Capple0Ereturns0Eto0Eover0E10A0A0Eper0Eshare0Eahead0Eof0Eq10E20A160Eearnings0Ereport/story01.htm

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Brean Capital maintains $170 target for Apple stock, sees 'material upside' to iPhone in 2016

Article Image As shares of Apple remain under $100 after recent losses, Brean Capital is standing by its $170 price target, predicting the iPhone will outperform lowered Wall Street expectations in 2016.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4cc8adee/sc/15/l/0Lappleinsider0N0Carticles0C160C0A10C110Cbrean0Ecapital0Emaintains0E170A0Etarget0Efor0Eapple0Estock0Esees0Ematerial0Eupside0Eto0Eiphone0Ein0E20A16/story01.htm

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Apple investor fears about China & iPhone 6s are 'overblown,' FBR says

Article Image As shares of Apple continue to hover just above $100, investment firm FBR stood by the iPhone maker on Monday, saying that the overly negative sentiment on Wall Street is not justified.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4ca2b74c/sc/28/l/0Lappleinsider0N0Carticles0C160C0A10C0A40Capple0Einvestor0Efears0Eabout0Echina0Eiphone0E6s0Eare0Eoverblown0Efbr0Esays/story01.htm

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