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Stock Market & Financial Investment News

News Breaks
October 25, 2013
11:28 EDTEBAY, BLUE, AMZN, OSTKAmazon hits 52-week high after mixed results, positive analyst commentary
Shares of online retailer Amazon (AMZN) are rallying after the company reported mixed third quarter results that were well-received by many analysts. WHAT'S NEW: Last night, Amazon reported Q3 EPS of (9c) and revenue of $17.09B. Analysts' consensus expectations were for EPS of (9c) and revenue of $16.76B. The company forecast that its fourth quarter revenue would be $23.5B-$26.5B, versus analysts’ consensus estimate of $25.89B. ANALYST REACTION: This morning, eight firms raised their price targets on Amazon’s shares. In addition, Raymond James upgraded the shares to Strong Buy from Market Perform, citing revenue acceleration in the U.S., strong growth of the company's cloud computing service, and its belief that the company's margins will rise in 2014. The firm has a price target of $446 on the stock. PRICE ACTION: In late morning trading, Amazon rose $28.16, or 8.5%, to $360.21 on more than twice its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $368.40, and it’s up approximately 45% year to date,. OTHERS TO WATCH: Other companies in the online retail space include EBAY (EBAY) , Overstock.com (OSTK), and Blue Nile (BLUE).
News For AMZN;EBAY;OSTK;BLUE From The Last 14 Days
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April 10, 2014
16:03 EDTAMZNAmazon to acquire digital comic book company comiXology
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16:00 EDTAMZNOptions Update; April 10, 2014
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14:24 EDTAMZNAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
12:52 EDTEBAYCarl Icahn says eBay separation 'not if but when'
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12:25 EDTEBAYOn The Fly: Midday Wrap
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12:18 EDTAMZNAmazon CEO confirms plans to expand Amazon Fresh offering, Re/code reports
Amazon CEO Jeff Bezos has confirmed that the company is planning to expand Amazon Fresh beyond its current three markets, Re/code reports, citing the CEO's 2013 letter to shareholders. He commented that "We’ll continue our methodical approach – measuring and refining Amazon Fresh – with the goal of bringing this incredible service to more cities over time." Bezos also commented on drones, saying "The Prime Air team is already flight testing our 5th and 6th generation aerial vehicles and we are in the design phase on generations 7 and 8." Reference Link
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:21 EDTEBAYOn The Fly: Pre-market Movers
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09:05 EDTOSTKOverstock.com names Jonathan Johnson Chairman of the Board
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08:35 EDTEBAYeBay CEO says Icahn now becoming 'long-term shareholder'
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08:35 EDTEBAYEBay volatility expected to move on settling proxy contest with Carl Icahn
eBay volatility is expected to move on settling a proxy contest with Carl Icahn. Overall option implied volatility 29 is near its 26-week average of 28 according to Track Data, suggesting non-directional price movement.
08:22 EDTEBAYeBay says appointment will expand independent directors to 10
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08:22 EDTEBAYeBay says to appoint David Dorman as independent director
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08:21 EDTEBAYeBay, Carl Icahn settle proxy contest, PayPal spin-off proposal withdrawn
eBay announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company’s upcoming annual meeting of stockholders. Icahn is withdrawing both his proposal to separate the company’s PayPal business and his two nominees to the company’s Board of Directors. The company said it has agreed to Icahn’s suggestion to appoint business executive David Dorman as an independent director to its Board of Directors. This will expand the number of independent directors to 10 on the 12-member board. The other two directors are eBay Founder and Chairman Pierre Omidyar, the company’s largest shareholder, and company President and CEO John Donahoe. Dorman is a Founding Partner of Centerview Capital Technology. “We are very pleased to have reached this agreement with Carl, settling proxy issues and enabling our board and management team to focus our full attention on a goal every shareholder agrees on – growing PayPal and eBay, and delivering sustainable shareholder value,” said eBay President and CEO John Donahoe. “As a result of our conversations, it became clear that Carl and I strongly agree on the potential of PayPal and our company,” Donahoe said. “I respect Carl’s willingness to work together to drive sustainable shareholder value today and into the future. His record shows that he has done this with many other companies in the past. Icahn has signed a confidentiality agreement covering any non-public information that directors and certain officers of the company may share with him. In addition, the company agreed not to adopt a policy precluding such persons from speaking to Icahn, and that it would advise them that they may speak to Icahn if they are willing to do so.
08:18 EDTEBAYeBay, Icahn settle proxy contest, PayPal spin-off proposal withdrawn, CNBC says
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April 9, 2014
13:20 EDTEBAYeBay option activity suggests bullish move, Barron's reports
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07:49 EDTAMZNAmazon unclear about limits of Fire TV voice search, BI says
Amazon (AMZN) claimed to have addressed user annoyances when it detailed the voice search features of its new Fire TV system last week, but the company was unclear about the fact that voice searches only present results from Amazon's Instant Video library and Vevo and exclude other services like Netflix (NFLX), said Business Insider. The company also was not upfront about the way voice searches are saved as recordings of users' voices, the report added. Reference Link
07:28 EDTAMZNAmazon looking to court game developers for Fire TV, NY Post reports
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06:07 EDTAMZNRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTAMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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