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Stock Market & Financial Investment News

News Breaks
July 28, 2014
11:28 EDTPRLB, AMZN, VJET, MTLS, SSYS, DDD3D printer makers fall after Amazon unveils 3D product store
Shares of 3D printer makers are falling after e-commerce giant Amazon.com (AMZN) announced that it would begin selling products made by 3D printers. However, research firm Piper Jaffray wrote that Amazon's news is actually positive for the 3D printing sector, including for one of its suspected partners, Materialise (MTLS). WHAT'S NEW: Amazon earlier today said that it would launch an online 3D Printed Products store. The store will sell a variety of customizable products made by 3D printers, including jewelry, toys, home decor and fashion accessories, the company stated. "The introduction of our 3D Printed Products store suggests the beginnings of a shift in online retail - that manufacturing can be more nimble to provide an immersive customer experience," said Petra Schindler-Carter, Director for Amazon Marketplace Sales in a statement. "Sellers, in alignment with designers and manufacturers, can offer more dynamic inventory for customers to personalize and truly make their own,” she added. ANALYST REACTION: In a note to investors, Piper Jaffray analyst Troy Jensen wrote that Amazon's move validates the growth potential of the 3D printing industry. Additionally, the 3D printer products store will help accelerate adoption of 3D printing technology, Jensen forecast. After examining links on Amazon's store, Jensen believes that the e-commerce giant is partnering with a number of companies, including Materialise, on the initiative. Materialise is a Belgium-based company that specializes in 3D printing. Jensen kept Overweight ratings on Materialise, 3D Systems (DDD), Proto Labs (PRLB) and Stratasys (SSYS). He has a Neutral rating on Voxeljet (VJET). PRICE ACTION: In late morning trading, Stratasys (SSYS) declined 1.9% to $102, 3D Systems fell 0.6% to $52.34, Proto Labs dropped 1.9% to $82.89, Voxeljet declined 2.8% to $17.96, and Materialise was flat near $12 per share.
News For AMZN;DDD;MTLS;PRLB;SSYS;VJET From The Last 14 Days
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July 23, 2015
09:00 EDTPRLBProto Labs sees continued annual revenue growth target of 25%
Sees gross margin for balance of year of 59%-61%. Comments taken from Q2 earnings call.
08:54 EDTPRLBProto Labs sees Q3 adjusted EPS 51c-55c, consensus 52c
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08:41 EDTPRLBProto Labs 'proud' of Q2 performance in Europe
Comments taken from Q2 earnings call.
07:11 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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06:08 EDTPRLBProto Labs reports Q2 non-GAAP EPS 50c, consensus 48c
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05:48 EDTAMZNStocks with implied volatility above IV index mean; HOT AMZN
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July 22, 2015
15:41 EDTAMZNAngie's List price target lowered to $5.50 from $8 at Piper Jaffray
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12:35 EDTAMZNAmazon.com offers Prime members 5% cash-back credit card, Re/code reports
Amazon is offering Prime members access to an Amazon credit card that pays back 5% on every Amazon.com order, reports Re/code. The company has quietly introduced the card in March and has been slowly rolling out marketing for it on the website since then. Reference Link
10:01 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
09:38 EDTAMZNActive equity options trading on open:
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09:01 EDTAMZNAmazon.com upgraded on positive outlook at JMP Securities
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07:51 EDTAMZNAlibaba cloud services president says can catch AWS in 3-4 years, Bloomberg says
Speaking at an event about Alibaba Group's (BABA) accelerated investment in its data centers, the president of the company's Aliyun cloud services arm, Simon Hu said, "It took Amazon (AMZN) 10 years to get where it is today. It took us six years, and we hope to match or even surpass Amazon in three to four years,” according to Bloomberg. Reference Link
06:54 EDTAMZNJMP Securities says Amazon shifting to 'execution mode,' ups to Outperform
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06:35 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at JMP Securities
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06:12 EDTAMZNAmazon.com's Home Services expands to many cities throughout U.S.
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06:08 EDTAMZNSony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
05:27 EDTAMZNStocks with implied volatility above IV index mean; XOMA AMZN
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July 21, 2015
11:01 EDTPRLBProto Labs acquires new facility to expand 3D printing service
Proto Labs has acquired a new facility to expand its 3D printing service into a larger and more efficient additive manufacturing space. The 77,000 sq. ft. facility will allow the digital manufacturing company to house all of its stereolithography, selective laser sintering and direct metal laser sintering (DMLS) technology under one roof. The new plant is scheduled to become fully operational in the first half of 2016, and will remain in the North Carolina area where Proto Labs’ current additive facilities are located. In addition to moving its existing equipment into the larger space, the prototyping and low-volume manufacturer plans to increase its overall 3D printing capacity with new machines. Anchoring the expansion will be SLS and DMLS equipment, which produce durable nylon parts and functional metal parts respectively. As 3D printing continues to grow industry-wide, Proto Labs’ plans to be well-equipped to accommodate the ongoing evolution of additive manufacturing.
07:45 EDTAMZNSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
05:34 EDTAMZNPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
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