Mark Mahaney, Internet Analyst at RBC Capital Markets explains what's driving the shoppers' migration from offline to online with mobile platform also gathering pace.» Read More
Shares of Priceline.com are soaring this morning after reporting strong Q2 earnings. Mark Mahaney, RBC Capital Markets, and Tom White, Macquarie Research, analyze the positive momentum.
NEW YORK, Aug 9- U.S. stocks were little changed on Friday but indexes were on track for their worst week since June as investors found few reasons to buy with equity prices near record levels. Wall Street has struggled this week, notching small moves in light volume, as an absence of trading incentives kept buyers at bay.
U.S. stock index futures were in the red Friday, putting major indexes on track for their worst week since June, despite an upbeat industrial output report from China.
*Priceline gains on results, headed towards $1,000 a share. "We're in a very slow month, and profit taking is coming back into the market," said Adam Hewison, president and chief executive at INO Inc in Annapolis, Maryland. "
*Priceline gains on results, headed towards $1,000 a share. NEW YORK, Aug 9- U.S. stock index futures were lower on Friday, putting major indexes on track for their worst week since June, as investors found few reasons buy with equity prices near record levels.
Shares of the online travel company are at 14-year highs, as second quarter earnings beat on both the top and bottom line. Scott Kessler, S&P Capital IQ analyst, explains why he put a price target of $1, 125 on the stock.
LONDON, Aug 9- Britain's InterContinental Hotels Group will give online travel agents Expedia.com and Priceline.Com Inc's Booking.com more leeway to cut room rates in a bid to assuage watchdog charges it was limiting competition.
Priceline reported a sharp jump in revenue as bookings spiked 38 percent. Shares rose after-hours.
Check out which companies are making headlines after the bell Thursday:
Stocks snapped a three-day losing streak Thursday, with the S&P 500 finishing just below the 1,700 mark, buoyed by stronger-than-expected Chinese trade data and following a favorable jobless claims report.
Priceline is reporting Q2 EPS of $9.70 non-gaap, on revenue of $1.68 billion, with CNBC's Simon Hobbs.
Priceline.com is up 48 percent this year, trading well above $900 per share. CNBC's Herb Greenberg, and Michael Olson, Piper Jaffray, share their opinions on the stock's worth.
*JPMorgan shares fall on probe over mortgage. Wall Street had opened higher, trimming some gains later in the morning before getting a boost from tech shares such as Microsoft Corp in afternoon trading. Microsoft shares rose 3 percent to $33.01 in heavy volume.
Aug 8- Online travel agency Orbitz Worldwide Inc posted quarterly earnings that beat forecasts on Thursday and raised its 2013 revenue view, and its shares jumped 35 percent, surpassing their high for the year.
*JPMorgan shares fall on probe over mortgages; Dow slips. NEW YORK, Aug 8- U.S. stocks were little changed on Thursday after an earlier rebound, following three days of declines, fizzled by mid-morning as investors booked recent profits amid a dearth of market catalysts.
With Priceline shares trading at a 14-year high, investors want to know if its upcoming earnings report will help its stock fly even higher.
*Tesla Motor and Groupon rally after results. NEW YORK, Aug 8- U.S. stocks rose on Thursday, snapping a three-day string of losses as positive data from around the world gave investors a reason to buy, while Tesla soared following its results.
Analysts are looking for good news from Priceline, reports CNBC's Seema Mody, and the recovery in Europe could be a big driver, Shares are currently trading at their highest level since May 1999.
*Spotlight on JPMorgan shares after news of U.S. criminal probe. *Tesla Motor and Groupon rally after results. NEW YORK, Aug 8- U.S. stock index futures pointed to a higher open on Thursday and a rebound from three straight days of losses, though gains may be hard to come by with few market catalysts.
U.S. stock index futures held their gains Thursday, after major averages logged a three-day losing streak in the previous session, thanks to stronger-than-expected trade data from China and following the weekly jobless claims report.