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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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October 10, 2014
06:35 EDTAMZNAmazon in discussions for Jabong acquisition, Economic Times says
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06:00 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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October 9, 2014
16:00 EDTAMZNOptions Update; October 9, 2014
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14:35 EDTAMZNAmazon.com falls to lows of the day, levels to watch
The shares are down over 2% and just off the lows of the session at $315.33. At current price, resistance is at $317.13. Support is at $315.33 and then at $314.14.
14:34 EDTAMZNAmazon plans first physical retail store in NYC, WSJ reports
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14:28 EDTEBAYIcahn says Andreesen should be removed from eBay board
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14:23 EDTAMZNAmazon plans first physical retail store in NYC, DJ reports
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09:38 EDTEBAYActive equity options trading on open
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06:33 EDTAMZNCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:26 EDTAMZNGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
17:53 EDTAMZNAmazon.com expands operations in Costa Rica, creates more than 1,000 new jobs
Amazon Support Services in Costa Rica inaugurates its fourth service center and announces 1,000 new jobs at its offices located in Calle Blancos and Lagunilla. The Earth's most customer centric company offers seasonal jobs and permanent positions with open dress code, paid training, transportation, doctor on site, plus others. The new operation comes as part of the $19M accumulated investment by 2014. With the company's expansion and the ongoing hiring of staff at its other sites, Amazon expects to employ more than 3,000 persons in Costa Rica by the end of 2014.
16:26 EDTEBAYOn The Fly: Closing Wrap
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16:01 EDTAMZNOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
12:41 EDTEBAYeBay ChannelAdvisor data confirms company guidance, says Piper Jaffray
Piper Jaffray noted ChannelAdvisor reported eBay's same-store sales grew 8.9% in September, which confirms the company's reiterated guidance when it announced its planned PayPal spin-off. The firm maintains its Neutral rating on eBay.
11:41 EDTAMZNJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
09:42 EDTAMZN, EBAYeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
08:32 EDTBKSNOOK Media, OverDrive announce partnership
NOOK Media, a subsidiary of Barnes & Noble, and OverDrive, an eBook platform for libraries, announced a new partnership to enable public libraries to provide readers with access to hundreds of the most popular digital magazines and newspapers from the NOOK Newsstand. Utilizing OverDrive platforms integrated with library catalogs, library patrons will be able to discover, access and read a huge selection of NOOK Newsstand titles on their NOOK tablet device and on tablets, smartphones and PCs via the suite of Free NOOK Reading Apps. The new service is expected to roll out to customers in the coming months.
08:10 EDTEBAYeBay survey suggests upswing in growth, says RW Baird
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06:53 EDTAMZNAmazon has not enacted Luxembourg special tax agreements, Reuters says
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06:13 EDTAMZNNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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