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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:40 EDTBKS, EBAY, AMZNAmazon.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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August 23, 2015
18:44 EDTAMZNACLU offers legal representation to Amazon employees
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August 21, 2015
16:34 EDTAMZNMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
16:01 EDTAMZNOptions Update; August 21, 2015
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13:50 EDTAMZNOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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11:38 EDTAMZNAmazon.com heads back toward session lows
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11:13 EDTAMZNStocks with call strike movement; AMZN TWTR
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11:12 EDTAMZNQualcomm reportedly to enter consumer drone market
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August 20, 2015
18:59 EDTAMZNGoogle, Amazon, private equity compete for Indian data center unit, ET says
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18:20 EDTAMZNAuthors Group urges DOJ probe of Amazon.com, WSJ reports
Authors United group is urging the DOJ to launch an investigation into Amazon.com, claiming the company has "unprecedented power" over the book publishing market, the Wall Street Journal reports. Reference Link
16:33 EDTAMZNAmazon.com to open fifth Texas fulfillment center in San Marcos
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13:18 EDTAMZNAmazon.com falls, levels to watch
The shares are down 2.8% at time of writing to $517.99. The last established support level before the large bullish gap from last earnings is at $513.06. If that level is taken out on the downside, a gam fill will begin. And the chart will be left with a blow-off top formation. Resistance is at $522.62.
12:56 EDTAMZNSmall drones bringing air traffic problems in U.S., Washington Post reports
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06:05 EDTAMZNAmazon Web Services to open data support center in London, Financial Times says
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05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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August 18, 2015
18:06 EDTAMZNAmazon tests 'Flex' package pickup service, GeekWire says
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16:00 EDTAMZNAmazon workplace policies making U.K. staff physically ill, Guardian says
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06:39 EDTAMZNUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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06:08 EDTEBAYeBay expected to announce sale of some of Snapdeal stake, Re/code reports
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