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Stock Market & Financial Investment News

News For AMZN;MSFT From The Last 14 Days
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July 31, 2015
15:44 EDTMSFTMicrosoft weighing Uber investment, Bloomberg says
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15:36 EDTMSFTMicrosoft says may change financial reporting segments
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09:03 EDTAMZNAmazon announces availability of Amazon Acoustics
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06:18 EDTMSFTMicrosoft says over 14M people already using Windows 10
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July 30, 2015
18:56 EDTMSFTFacebook plans drone test later this year, AP says
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16:27 EDTMSFTBlucora subsidiary Infospace signs distribution agreement with Bing
Infospace, a subsidiary of Blucora, (BCOR), announced it has signed a deal to distribute Bing (MSFT) search results and advertising content through the Infospace network of Web search properties and partner websites on desktop and mobile. The three-year search and advertising agreement forms a partnership through July 31, 2018.
12:23 EDTMSFTGoogle loses patent royalty battle with Microsoft, Bloomberg reports
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11:26 EDTMSFTAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the parties’ consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuit’s recent approach to establishing damages in the RAND context. The court’s factual findings were properly admitted at the jury trial. The jury’s verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
10:09 EDTAMZNOptions with decreasing implied volatility
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09:36 EDTMSFTActive equity options trading on open
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09:36 EDTMSFTActive equity options trading on open
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July 29, 2015
18:15 EDTAMZNAmazon nears $30M e-book contract with NY Department of Education, CNY says
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
09:04 EDTAMZNAmazon says to debut two new dramatic plots on Amazon Instant Video on Aug. 7
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07:05 EDTAMZNAmazon.com upgraded to Buy with $700 target at Stifel
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06:29 EDTAMZNAmazon.com upgraded to Buy from Hold at Stifel
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05:26 EDTMSFTMicrosoft announces Windows 10 available for download
Microsoft announced that Windows 10 will become available Wednesday as a free upgrade or with new PCs and tablets. Windows 10 includes innovations such as Cortana, an Xbox app and Microsoft Edge for a familiar, yet more personal and productive, experience. The most secure Windows ever, Windows 10 is delivered as a service and kept automatically up-to-date with innovations and security updates. Windows 10 offers one experience that will become available on the broadest range of devices, including PCs, tablets, phones, Raspberry Pi, Xbox One, HoloLens and more — with more than 2,000 devices or configurations already in testing. The new Windows Store and Windows Software Development Kit also become available Wednesday, opening the door to new and innovative app experiences on Windows 10.
July 28, 2015
12:44 EDTAMZNAmazon proposes drones-only fly zone, Guardian reports
Amazon proposed at a NASA UTM Convention at NASA Ames in California that a pristine slice of airspace above the world's cities and suburbs should be set aside for high-speed aerial drones without any human interference, the Guardian reports. The company suggested that a 200-foot parcel of air located between 200-400 feet from the ground should be segregated and reserved for high-tech drones, the report says. The proposal marks the next step in the company's goal of delivering packages via drones, the report says. Reference Link
10:15 EDTAMZNOptions with decreasing implied volatility
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09:54 EDTAMZNCLSA U.S. Internet analyst holds an analyst/industry conference call
U.S. Internet Analyst James Lee hosts Toynk's E-commerce Director, Dave Madoch, to compare and contrast Amazon and eBay's cross-border trade business models and performance on an Analyst/Industry conference call to be held on August 3 at 11 am.
09:38 EDTMSFTSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
09:02 EDTAMZNAmazon.com announces Amazon Launchpad program
Amazon announced Amazon Launchpad, a new program that makes it easy for startups to launch, market, and distribute their products to hundreds of millions of Amazon customers across the globe. The program offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package, and access to Amazon’s global fulfillment network, all geared toward helping startups successfully launch their innovations and share their stories.
05:15 EDTAMZNAmazon web services makes Amazon Aurora available to all customers
Amazon Web Services, or AWS, an Amazon.com company, announced that Amazon Aurora, a MySQL-compatible database engine that combines the speed and availability of high-end commercial databases with the simplicity and cost-effectiveness of open source databases, is now available to all customers. More than a thousand AWS customers, including global enterprises and startups from a range of industries, participated in the preview and saw that Amazon Aurora can provide up to five times better performance than the typical MySQL database, and availability as good or better than commercial databases – at one-tenth the cost. These customers also found Amazon Aurora has the scalability, durability, and reliability to run the most demanding enterprise and Internet-scale applications – everything from massive Internet of Things applications to mission-critical e-commerce sites.
July 27, 2015
10:29 EDTAMZNOptions with decreasing implied volatility
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July 26, 2015
17:16 EDTMSFTChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link
14:44 EDTAMZNAmazon cloud sales signal risk for traditional data storage, Barron's says
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13:36 EDTMSFTMicrosoft could rise 50% in three years, Barron's says
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July 24, 2015
16:30 EDTAMZN, MSFTStocks end week lower as Apple headlines busy week of earnings
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16:22 EDTAMZNOn The Fly: Top stock stories for Friday
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14:04 EDTAMZNOn The Fly: Weekly technical notes on 'FANG' and divergences
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13:51 EDTAMZNAmazon.com retraces, levels to watch
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13:00 EDTAMZNAmazon.com levels to watch
Shares appear to be trying to hold the line at the $550 area as the afternoon session begins. That is still over $68 of upside, but down nearly $42 from the after-hours session high yesterday. There is a risk the move is broadly extended and blow-off top at least in the short-term. Support is at the session low at $549.67. Without any established support price retracement is likely to follow round-number and common option strikes. Next support on that basis below the low would be $545 and then at $540. Resistance similarly is at $555.
12:54 EDTAMZNOn The Fly: Top stock stories at midday
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12:33 EDTAMZNAmazon.com volatility pulls back on better than expected Q2 and outlook
Amazon.com July weekly call option implied volatility is at 33, August and September is at 27, compared to its 52-week range of 21 to 68, suggesting decreasing price risk.
10:34 EDTAMZNOptions with decreasing implied volatility
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10:09 EDTAMZNAmazon shares, price targets soar following earnings beat
Shares of Amazon.com (AMZN) are surging this morning and research firms are rushing to increase their price targets on the stock after the e-commerce giant unexpectedly reported a quarterly profit and gave a better than expected revenue forecast for its new quarter. UPGRADES: Barclays analyst Paul Vogel upgraded Amazon to Overweight from Equal Weight, saying the online retailer's margins are expanding much faster than previously thought. Vogel views the company's outside the U.S. and Web Services revenue growth as both a surprise and sustainable, telling investors that the second quarter "was too good in our view to wait" for an upgrade. He raised his price target for Amazon shares to $700 from $412. B. Riley analyst Scott Tilghman also upgraded Amazon this morning, upping it to Buy from Neutral as he also believes the company's revenue upside looks sustainable. Tilghman, who believes margin upside is likely to follow, raised his price target for the stock to $646 from $428. TARGETS ABOVE $700: JPMorgan analyst Doug Anmuth raised his December 2016 price target for Amazon.com to $710 and reiterates an Overweight rating on the stock, as he believes Amazon is now benefiting from its investments in Prime, category expansion and fulfillment centers. Meanwhile, Morgan Stanley analyst Brian Nowak hiked his price target on Amazon.com to $740, which is the highest among firms tracked by Bloomberg at time of writing. Nowak, who entitled his note "The Everything Quarter," said the company's business is inflecting around the globe and noted that top-line growth accelerated in all four of its main retail segments for the second quarter in a row. PRICE ACTION: In early trading following its report last night, Amazon shares jumped 16% to about $561 per share.
10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:36 EDTAMZNActive equity options trading on open
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09:14 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amazon (AMZN), up 20.7%... Pandora (P), up 10.3%... Juniper (JNPR), up 9.1%... Visa (V), up 6.7%... Starbucks (SBUX), up 5%... Skyworks (SWKS), up 2.6%... American Airlines (AAL), up 2.1%. ALSO HIGHER: SolarCity (SCTY), up 2.5% after being upgraded to Outperform from Neutral at Baird. DOWN AFTER EARNINGS: Tripadvisor (TRIP), down 8.5%... Biogen (BIIB), down 14.1%.
08:28 EDTAMZNAmazon.com price target raised to $740 from $520 at Morgan Stanley
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07:43 EDTAMZNGoogle, others to create air traffic control for drones, Bloomberg says
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07:38 EDTAMZNAmazon.com price target raised to $665 from $500 at Deutsche Bank
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07:34 EDTAMZNAmazon.com price target raised to $650 from $460 at Citi
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07:07 EDTAMZNAmazon.com price target raised to $650 from $550 at UBS
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07:04 EDTAMZNAmazon.com price target raised to $670 from $460 at Cantor
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06:53 EDTAMZNAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
06:19 EDTAMZNAmazon.com price target raised to $710 from $535 at JPMorgan
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05:53 EDTAMZNStocks with implied volatility above IV index mean; AMZN TWTR
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05:52 EDTAMZNAmazon.com price target raised to $630 from $475 at Baird
Baird analyst Colin Sebastian raised his price target for Amazon.com to $630 saying the company's Q2 was a "pristine quarter almost across the board." Accelerating growth and higher than expected margins will "prove irresistible to investors," Sebastian tells investors in a post-earnings research note. He reiterates an Outperform rating on the stock. Shares of Amazon were upgraded this morning at B. Riley and Barclays.
05:49 EDTAMZNAmazon.com price target raised to $650 from $520 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Amazon.com shares to $650 saying the company just reported a third straight quarter of margins materially above expectations. Munster expects further margin expansion after management reiterated its intent to focus on productivity in 2015. He sees unit growth as being a catalyst for shares and reiterates an Overweight rating on the stock. Amazon shares, which upgraded this morning at B. Riley and Barclays, are trading up $87.82 to $570.00 in pre-market trading.
05:38 EDTAMZNAmazon.com upgraded to Buy from Neutral at B. Riley
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05:36 EDTAMZNAmazon.com upgraded to Overweight with $700 target at Barclays
Barclays analyst Paul Vogel upgraded Amazon.com to Overweight from Equal Weight saying the online retailer's margins are expanding much faster than previously thought. Following Amazon's Q2 results, Vogel views the company's outside the U.S. and Web Services revenue growth as both a surprise and sustainable. The quarter "was too good in our view to wait" for an upgrade, the analyst tells investors. He raised his price target for Amazon shares to $700 from $412. In pre-market trading, the stock is up $88.77 to $570.95.
July 23, 2015
19:41 EDTAMZNAmazon to test drive-thru grocery store, SV Business Journal says
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19:06 EDTAMZNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
18:22 EDTAMZNAmazon.com says prime membership continues to grow
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18:16 EDTAMZNAmazon.com says AWS segment income rose 407%
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17:38 EDTAMZNAmazon.com reports Q2 AWS net revenue up 81% to $1.82B
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16:14 EDTAMZNAmazon.com reports Q2 AWS segment net sales $1.82B
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16:12 EDTAMZNAmazon.com jumps 14% to $549.50 after reporting Q2 profits
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16:12 EDTAMZNAmazon.com sees Q3 revenue $23.3B-$25.5B, consensus $23.89B
Sees Q3 operating income (loss) to be between ($480M) and $70M, compared to ($544M) million in third quarter 2014.
16:11 EDTAMZNAmazon.com reports Q2 EPS 19c, consensus (14c)
Reports Q2 revenue $23.18B, consensus $22.39B. Operating cash flow increased 69% to $8.98B for the trailing twelve months, compared with $5.33B for the trailing twelve months ended June 30, 2014.
15:04 EDTAMZNNotable companies reporting after market close
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13:53 EDTAMZN“Fab Five” option implied volatility
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13:18 EDTAMZNAmazon.com July weekly 35 straddle priced for 9.3% movement into Q2
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13:13 EDTAMZNEarnings Watch: Amazon to report Q2 results after ‘record breaking’ Prime Day
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13:03 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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10:24 EDTAMZNAmazon.com technical comments ahead of earnings
The key technical feature, most easily seen on a 5-year chart, is that a recent bullish pennant pattern has completed. Heading into earnings, even good news might still result in a retracement which is typical following a pattern's completion. That process may be underway as price eases down from the life high at $493.20. If there is strongly bullish news, the life high is the only resistance level on the chart. A breakout would likely mean a move to $500 and potentially much higher. Without overhead resistance, there is nothing to prevent a further run. Potential targets at $525 and $550 could be tested given the momentum coming into earnings. But such a move would be an extension of the already-parabolic advance, and typically these do not end well. A better scenario would be a consolidation in price at higher levels that builds support. If the news disappoints there is little in the way of enduring support below given the recent jumps. There is a zone of support at the $450 area which could be tested. Such a price drop would retrace the entire "pole" off the pennant that has brought shares to current levels. Below $450 there is only the low of the pennant pattern itself at the $425 area and then a zone of support below at $410 to $400 due to a price gap which was the first breakaway from resistance at the $400 area.
09:38 EDTMSFTActive equity options trading on open
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07:11 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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05:48 EDTAMZNStocks with implied volatility above IV index mean; HOT AMZN
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July 22, 2015
16:27 EDTMSFTOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory and remained there throughout the day. Uninspiring earnings reports from Apple (AAPL) and Microsoft (MSFT) were enough to push the Nasdaq lower and the rest of the market followed. There was good news on the housing sector, with both existing home sales and a housing market index coming in with good data, but it was not enough to overcome the tech selloff. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: Shares of Apple dropped $5.79, or 4.43%, to $124.96 after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. A number of suppliers to Apple declined in tandem with the tech giant. Skyworks Solutions (SWKS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report... Microsoft declined $1.88, or 3.97%, to $45.40 after reporting its Q4 Devices and Consumer revenue declined 13% and its Windows OEM revenue decreased 22% as revenue was impacted by PC market declines following the XP end-of-support refresh cycle. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose $5.84, or 10.14% to $63.42 after St. Jude Medical (STJ) announced an agreement to acquire the company for $63.50 per share in a transaction valued at $3.4B. Shares of St. Jude, meanwhile, edged down by 4c to $76.67. Also higher following earnings reports were shares of Intuitive Surgical (ISRG) and Chipotle Mexican Grill (CMG), advancing about 8.5% and 7.8%, respectively. Among the noteworthy losers was Caesars Entertainment (CZR), which dropped $3.26, or 40.65%, to $4.76 following reports that a judge ruled the company must face certain creditor lawsuits that could force a bankruptcy. Caesars Acquisition (CACQ) also dipped after the news, falling $1.13, or 14.52%, to $6.65. Also lower was XOMA (XOMA), which plummeted $3.46, or 78.61%, to 94c and saw downgrades at numerous research firms after the company's Phase 3 gevokizumab study did not meet its primary endpoint. INDEXES: The Dow fell 65.60, or 0.37%, to 17,853.69, the Nasdaq lost 36.35, or 0.7%, to 5,171.77, and the S&P 500 declined 5.06, or 0.24%, to 2,114.15.
15:41 EDTAMZNAngie's List price target lowered to $5.50 from $8 at Piper Jaffray
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15:02 EDTMSFTOptions Update; July 22, 2015
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13:06 EDTMSFTCompetitors ask EU to probe Google ad technology market practices, FT says
Several of Google's (GOOG) rivals, including OpenX and AppNexus, which is part owned by WPP (WPPGY) and Microsoft (MSFT), have suggested that the European Union investigate the internet giant, claiming it may be unlawfully stifling competition in the market for advertising technology, the Financial Times reports. The companies' grievances relate to the way in which Google bundles its advertising technology products through contracts that may discourage or even prevent customers from using competitors' services, the report says. The companies in question have submitted documents to the EU expressing concern over the issue but have not submitted an official complaint, the report adds. Reference Link
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
12:32 EDTMSFTOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
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 EDTAMZN, MSFTActive equity options trading on open:
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09:19 EDTMSFTBofA/Merrill says Microsoft battling license declines with Cloud and Hardware
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09:07 EDTMSFTOn The Fly: Pre-market Movers
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09:01 EDTAMZNAmazon.com upgraded on positive outlook at JMP Securities
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07:55 EDTMSFTMicrosoft shares should be bought on weakness, says RBC Capital
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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
07:45 EDTMSFTMicrosoft shares still have downside, says Citi
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07:12 EDTMSFTMicrosoft hurdles remain but still an attractive story, says UBS
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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
05:55 EDTMSFTQualcomm to cooperate with Microsoft, Allwinner in mobile market, DigiTimes says
Qualcomm (QCOM) is expected to ramp up its penetration in the entry-level mobile device market by cooperating with Microsoft (MSFT) to launch low-cost Windows Mobile 10 products, reports DigiTimes Research. Qualcomm is also expected to cooperate with Allwinner Technology to launch 3G/4G solutions for connected tablets. Reference Link
05:50 EDTMSFTMicrosoft price target lowered to $37 from $39 at Jefferies
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05:27 EDTAMZNStocks with implied volatility above IV index mean; XOMA AMZN
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July 21, 2015
19:00 EDTMSFTOn The Fly: After Hours Movers
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18:14 EDTMSFTMicrosoft CEO: Office 365 now in 4 out of 5 Fortune 500 enterprises
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16:50 EDTMSFTMicrosoft says strengthening U.S. dollar had 'significant impact' on Q4 results
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16:49 EDTMSFTMicrosoft returned $6.7B to shareholders in Q4
During the quarter, Microsoft returned $6.7B to shareholders in the form of share repurchases and dividends.
16:17 EDTMSFTMicrosoft down about 3% following Q4 results
16:12 EDTMSFTMicrosoft says has 75,000 partners transacting in company's cloud
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16:08 EDTMSFTMicrosoft reports Q4 Commercial revenue grew 4% to $13.5B
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16:07 EDTMSFTMicrosoft reports Q4 Devices and Consumer revenue declined13% to $8.7B
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16:05 EDTMSFTMicrosoft reports Q4 adjusted EPS 62c, consensus 56c
Reports Q4 revenue $22.2B, consensus $22.06B.
16:01 EDTMSFTOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:11 EDTMSFTEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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15:06 EDTMSFTMicrosoft July weekly 47 straddle priced for 5% movement into Q4
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15:02 EDTMSFTNotable companies reporting after market close
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11:11 EDTMSFTMicrosoft technical notes before earnings, levels to watch
On a long-term basis the stock has a potential double top pattern that would be confirmed on a breakdown below $40. In a shorter time frame the stock is range-bound between $45 at the low and $50 at the high. If the news is bearish, a breakdown below $45 would put the shares on a path for a test at that $40 support. A breakdown below $40 would see next support at $39.27 and then at $38.56. The downside target from the double top would be to the $30 area over time. If the news is a bullish surprise, a breakout above $50 would see next resistance at $53.13 and then at $55. Both are levels not seen since the year 2000.
09:56 EDTMSFTSalesforce rallies amid renewed speculation of Microsoft deal
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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.
07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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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.
July 20, 2015
17:20 EDTAMZNAmazon plans $5B investment in India ahead of Prime launch, ET says
Amazon is preparing a total investment of $5B in India and plans to launch Amazon Prime and Amazon Instant Video in the country later this year, the Economic Times reported earlier, citing two people directly familiar with the matter. Reference Link
16:01 EDTMSFTOptions Update; July 20, 2015
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13:46 EDTAMZNAmazon seen eclipsing Macy's as top U.S. clothing retailer
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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07:48 EDTAMZNAmazon.com Q2 results poised to beat expectations, says Bernstein
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06:57 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at Cowen
Cowen analyst John Blackledge upgraded Amazon.com to Outperform based on expectations the company will be number 1 U.S. apparel retailer by 2017, driven by accelerating purchasing growth. Growth is being driven by a much larger selection, ramping 1P brand relationships and superior fulfillment and technology. BlackLedge said Amazon's long-term investment philosophy in massive retail and technology markets is increasingly paying off and should continue to win as it attracts U.S. retail TAM as wall as International e-commerce leadership. Further, he expects Amazon.com's leadership to continue in the fast-growing public cloud market. BlackLedge raised his price target on Amazon shares to $565 from $435.
06:47 EDTAMZNAmazon.com upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Amazon.com to Outperform and increased its price target to $575 from $435 on strong fundamentals and significant growth opportunities. Pachter sees faster AWS growth, momentum in the AWS Marketplace, better than expected Prime growth, greater sales traction from Prime Day, and increased likelihood it can add at least $2B in revenue from capturing PayPal payments. The firm's analyst expects solid Q2 revenue on Thursday of $22.4B versus guidance of $20.6B-$22.8B from new Prime members and from incremental AWS accounts.
July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
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