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Stock Market & Financial Investment News

News For AMZN;BA;CHK;MERU;BIOC;CPNO;KMP;ISIS;MTOR;NOC;PLXT;HNT;CODE From The Last 14 Days
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February 4, 2016
14:36 EDTAMZNAmazon renews co-brand credit card pact with JPMorgan, Dow Jones says
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10:25 EDTAMZN$25B cloud boost seen coming for Amazon, Microsoft, Google
Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL, GOOG) are all poised to get huge boosts from their cloud businesses over the next three years, research firm Pacific Crest wrote in a note to investors today. The combined revenue from their cloud initiatives should surge $25B over the next three years as companies move more workloads to the cloud from legacy IT systems, the firm believes. NEXT MAJOR CLOUD CYCLE: The revenue of Amazon's cloud business, AWS, could triple to $25B by 2018, according to Pacific Crest analyst Evan Wilson. Moreover, by 2018, AWS could account for 14% of the company's revenue and over 50% of its profits, up from 7% and 41%, respectively, today, the analyst predicts. Meanwhile, within three years, Microsoft's revenue from its commercial cloud business could jump 50% to $25B, the analyst stated. By 2018, the business could account for almost 25% of the tech giant's revenue and 15% of its profits, up from 15% of its revenue and very little of its profit today, the analyst added. Google's revenue from infrastructure as a service, a form of cloud computing, can surge 500% over the next three years to about $4.5B, Wilson believes. Additionally, noting that AWS' incremental operating margin came in at 51.9% last quarter, Wilson believes that investors are underestimating the profitability of cloud businesses. The analyst maintained an $800 price target and Overweight rating on Amazon, a $65 price target and Overweight rating on Microsoft, and a $910 price target and Overweight rating on Alphabet. WHAT'S NOTABLE: Intel (INTC), along with hard disk drive maker Western Digital (WDC) and Arista Networks (ANET), which supplies cloud networking solutions, should all benefit from the tremendous growth in demand for cloud platforms, Wilson believes. He kept Overweight ratings on all three of the latter stocks. Conversely, Wilson identifies EMC (EMC), HP Enterprise (HPE) and NetApp (NTAP) as "cloud share donors" and keeps Sector Weight ratings on their shares. PRICE ACTION: In early trading, Amazon fell 1% to $525.80, Microsoft was flat near $52 per share and Alphabet Class A shares dropped 1.8% to $736.15.
10:10 EDTAMZNOptions with decreasing implied volatility
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09:30 EDTAMZNAmazon says Spotify Premium available on Amazon Echo
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08:59 EDTAMZNAmazon.com Alphabet Microsoft should get huge cloud boost, says Pacific Crest
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07:08 EDTNOCCowen to hold a forum
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06:53 EDTBABoeing aims for early delivery for 737 MAX, Reuters reports
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06:22 EDTBAPrivate space companies schedule jump in launches in 2016, Reuters says
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February 3, 2016
17:31 EDTAMZNAmazon retail plans extend far beyond bookstores, Re/code says
Amazon's retail initiative will entail more than just bookstores and is being helmed by former Kindle chief Steve Kessel, reports Re/code, citing sources. Kessel began working on the initiative after returning from a sabbatical in 2011 or 2012, the sources said, adding that Amazon plans to "eventually" unveil several types of retail stores in addition to bookstores. One source said Amazon is experimenting with and reimagining the shopping experience, with Re/code noting the potential to let customers walk out of the door and be "auto-charged" for products without stopping at a checkout counter. There are no immediate plans regarding the rumored 300-400 bookstore rollout, the sources added. Reference Link
16:40 EDTAMZNOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but were unable to hold their early gains. Following larger than expected builds in energy inventories, oil moved lower, taking equities with it. By the noon hour oil prices recovered and moved higher once again, helping to lift equities. While oil prices continued their advance and moved up more than 7%, stocks lagged, especially the Nasdaq, which was down as much as 1.5% this afternoon. That changed in the last hours of trading, which saw the Dow spurt higher and the Nasdaq recover most of its losses heading into another heavy dose of corporate earnings reports after the close. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 4.75% to $27.68 after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's chairman, said the board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders... Chipotle Mexican Grill (CMG) fell 2.89% to $461.92 after reporting lower than expected revenue and a 14% plunge in same-store sales for the quarter. Adding to the negative headlines, the restaurant operator also disclosed a subpoena broadening the scope of a criminal investigation that was previously limited to a single Chipotle location in California. Also punished by food safety worries were shares of Buffalo Wild Wings (BWLD), which slid 4.24% to $143.64 after one of its restaurants was named a suspected source of new norovirus-like cases in suburban Kansas City, though the company disputed a link between its location and the illnesses. The stock continued to move lower in after-hours trading following the company's earnings report and lower than expected guidance... Merck (MRK) was one of the worst performers on the Dow, dipping to as low as $48.58 before ending the day down 0.7% at $50.04 after its earnings narrowly topped estimates but guidance for the new year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 5.95% following its report, while General Motors (GM) slid 2.43%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied 8% to $49.56 after announcing a restructuring plan that will see its workforce cut by roughly 10%. Also higher was Angie's List (ANGI), which jumped 13.53% to $9.48 after the New York Post reported that InterActiveCorp (IAC) is preparing a "big run" to acquire the company. In addition, Syngenta (SYT) rose 2% to $80.21 after receiving a $43B-plus takeover offer from ChemChina. Among the noteworthy losers was Lowe's (LOW), which fell 6.2% to $67.42 after agreeing to acquire Canada's RONA in a deal valued at $2.3B. Also lower was Barnes & Noble (BKS), which declined 9.6% to $7.32 after mall operator General Growth (GGP) said during a conference call that Amazon (AMZN) plans to open 300-400 physical bookstores. After the closing bell, General Growth CEO Sandeep Mathrani indicated that his previous statement "was not intended to represent Amazon's plans." Meanwhile, Marathon Petroleum (MPC), Mondelez (MDLZ) and Match Group (MTCH) lost 7.6%, 6.5% and 12.6%, respectively, following their quarterly reports. INDEXES: The Dow rose 183.12, or 1.13%, to 16,336.66, the Nasdaq fell 12.71, or 0.28%, to 4,504.24, and the S&P 500 advanced 9.50, or 0.5%, to 1,912.53.
16:04 EDTAMZNGeneral Growth CEO says that statement not intended to represent Amazon plans
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16:00 EDTAMZNOptions Update; February 3, 2016
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14:14 EDTAMZNAmazon.com downside continues, levels to watch
The post-earnings announcement drift lower continues, with price last at $526.32, down over 4.6% on the session. There is an active bearish flag pattern on the chart that has downside potential to the $470 area. It would take a move above $600 to void that pattern. At current price next support is at the session low at $523.11 and then at $516.44.
10:54 EDTAMZNOptions with decreasing implied volatility
Options with decreasing implied volatility: WMB INVN FTNT NOW SNDK HOG UA CTXS KORS AMZN
10:47 EDTAMZNStocks with call strike movement; BABA AMZN
Alibaba (BABA) July 70 call option implied volatility increased 6% to 40, Amazon.com (AMZN) May 600 call option implied volatility increased 5% to 38 according to iVolatility.
08:04 EDTMTORMeritor cuts FY16 adjusted EPS to $1.65-$1.75 from $1.70-$1.80, consensus $1.72
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08:03 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $633M
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08:02 EDTMTORMeritor reports Q1 adjusted EPS 33c, consensus 37c
Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.
07:38 EDTAMZNIntrexon jumps after Bill Miller says second largest position
LMM founder Bill Miller said on CNBC that Intrexon (XON) is his firm's second largest position. Amazon.com (AMZN) is LMM's largest position, Miller told viewers. Shares of Intrexon are up 4% to $32.00 in pre-market trading following Miller's comments.
07:04 EDTBACowen to hold a forum
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