Friday, February 8, 2013

GOOG: Here's a sign of good relative strength:...

2:12 PM Here's a sign of good relative strength: Google (GOOG +1.5%) is closing a week that saw two downgrades and a Neutral coverage launch by making new highs. Morgan Stanley's Scott Devitt added the search giant to his Best Ideas list today. He thinks Google can post a 15% free cash flow CAGR over the next 5 years as online ads keep gaining share over offline alternatives, and also argues YouTube has the potential to grab ~6% of global TV ad spend by 2010, a $20B opportunity. Read comments

GOOG price at time of publication: $785.92. Check GOOG price now »

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AMZN,EBAY: U.S. e-commerce sales rose 15% in 2012 to...

1:57 PM U.S. e-commerce sales rose 15% in 2012 to $186B, says comScore - that's the strongest annual rate posted since the financial crisis. Q4 sales rose 14% in spite of holiday season lumpiness, fueled by strong demand for media, electronics, toys, and apparel. Meanwhile, eMarketer thinks global B2C e-commerce sales (harder to estimate) rose 21% in 2012 to $1.02T, driven by 33% Asia-Pac growth. Amazon (AMZN -27% 2012 sales growth) continues to gain share, and eBay (EBAY - 16% Q4 Marketplaces growth) is halting its share losses. Read comments

AMZN price at time of publication: $262.34. Check AMZN price now »

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