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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:40 EDTAMZN, EBAY, BKSAmazon.com slides after guidance disappoints
Shares of online retailer Amazon.com (AMZN) are falling after the company’s second quarter outlook failed to impress the street. WHAT'S NEW: Last night, Amazon.com reported first quarter earnings per share of 23c and revenue of $19.74B, against consensus views of 23c and $19.43B, respectively. WHAT’S NOTABLE: The company forecast Q2 operating income of ($455M)-($55M) and Q2 revenue of $18.1B-$19.8B, compared to consensus of $19.03B. ANALYST REACTION: This morning, analyst commentary was decidedly negative. Three firms -- Citigroup, Wells Fargo, and Deutsche Bank -- all lowered their respective price targets on Amazon.com. The firms cited the company's Q2 sales guidance, which came in below its expectations at the mid-point, as well as its Q2 operating income guidance, which came in below expectations, as reasons for the downgrades. Another firm, Raymond James, downgraded Amazon.com to Outperform from Strong Buy, citing mixed Q1 results, a continued significant investment cycle, and slowing unit growth and media sales. The firm lowered its price target on the shares to $391 from $443. PRICE ACTION: In morning trading, Amazon.com is down 32.26, or about 9.6%, to $304.89 on heavy trading volume. Despite today’s pull back, the stock has gained over 10% over the past twelve months. OTHERS TO WATCH: Others in the online retail space include eBay (EBAY) and Barnes & Noble (BKS).
News For AMZN;EBAY;BKS From The Last 14 Days
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July 17, 2014
06:50 EDTAMZNAirbus considering partnering with high tech companies, NY Times says
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06:35 EDTEBAYeBay shares look 'resilient' at current levels, says Citigroup
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05:41 EDTEBAYeBay revenue guidance should not be surprise, says Piper Jaffray
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July 16, 2014
17:39 EDTEBAYeBay says Google search algorithm change slowed traffic in June
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16:25 EDTEBAYeBay narrows FY14 revenue view to $18B-$18.3B from $18B-$18.5B
Consensus is $18.24B.
16:19 EDTEBAY eBay sees FY14 adjusted EPS $2.95-$3.00, consensus $2.98
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16:18 EDTEBAYeBay sees Q3 adjusted EPS 65c-67c, consensus 70c
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16:17 EDTEBAYeBay reports Q2 EPS 69c, consensus 68c
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16:00 EDTAMZNOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
15:27 EDTEBAYNotable companies reporting after market close
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13:25 EDTEBAYeBay July 50.5 straddle priced for 4.2% move into Q2
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13:20 EDTEBAYEarnings Preview: eBay set to report Q2 earnings since security breach
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10:58 EDTAMZNAmazon testing 'Kindle Unlimited' subscription service, Gigaom reports
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July 15, 2014
16:00 EDTAMZNOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
15:32 EDTEBAYeBay technical comments ahead of earnings
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13:34 EDTEBAY, AMZNLivingSocial names eBay's Guantam Thakar as president and CEO
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11:02 EDTEBAYeBay expectations low into quarterly results, says Piper Jaffray
Piper Jaffray is positive on shares of eBay (EBAY) going into Wednesday's June quarter report, saying it sees limited downside due to low expectations. Piper believes investors have become "increasingly bearish" on eBay over the past couple of months given the security breach and the change in Google's (GOOG) algorithm. The firm sees these concerns are near term in nature and reiterates an Overweight rating on eBay with a $63 price target.
09:05 EDTAMZNSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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07:23 EDTAMZN, EBAYFortune to hold a conference
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06:06 EDTEBAYElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
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