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U.S. Morning Call: Groupon gets a raw 'deal'

Tuesday, August 14, 2012 - 02:59

Aug 14 - Groupon shares are hitting an all time low in pre-market trading today, falling over 20 percent after the online coupon company missed revenue estimates for the second quarter.

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Groupon deals with bad news and Home Depot improves on profit here's your morning call for Tuesday. Group buying shares hitting all time low in premarket trading today falling over 2% after the company missed revenue estimate. -- -- The market clearly doesn't like the stock and I think it's primarily because of concerns. Over the longevity of their business model because of extreme competition in low barriers to entry and I think the other significant component. Is the fact that they just have concerns about the -- quality the believability. Of of the reported amounts. Groupon executives say the culprit was Europe's weak economy and currency fluctuations. But analysts are also point to a huge slowdown in the court daily deals business. Groupon is trying to offset that by expanding Groupon goods which sells discounted consumer products. But -- with lower margins and may not be the most profitable part of their business. US stock futures are looking at a higher open today with all three indexes on the rise. European stocks also rising reversing yesterday's dip as lukewarm eurozone GDP figures made the case for more stimulus. The GDP data showed Germany may have had only -- economic growth in the second quarter. While -- stagnated. And the southern states well let's just say they're not doing so hot. Garrett -- Schroeder's says while the German quarter on quarter number was decent at this could be as good as it gets. -- -- that beats expectations that was great to me was was less than it was last time I think one thing to comes straight hair is that it's on this story as it is against this yeah. I'm many think that the that the German Economy is it as a massive exports. -- managed to -- largest economies in Asia and in Europe spotted smoke quite aggressively I would expect this to be the high point. Investors in the US I some data this morning and makes waste stocks. At 838 will happen to consumer spending when the Commerce Department releases July retail sales. Economists expect the first rise in four months just in your point three optic. -- retailers most likely getting a boost gas station and chain stores. Also 830 producer prices -- July. Economists forecast eight point 2% rise in prices compared with eight point 1% bump in jeans and an average that stocks to watch let's go to -- depot shares up in the premarket after the home improvement chain topped profit estimates. That sales this. Also out this morning earnings from Michael Coors shares trading up before the bell after strong first quarter results. And due out later today results for TJ Max sacks and Estee Lauder. That's your morning opportunistic you can follow us on Twitter at Reuters Insider. And check -- -- Reuters YouTube channel at Reuters dot com slash Reuters TV I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Groupon gets a raw 'deal'

Tuesday, August 14, 2012 - 02:59

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