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Stock Market & Financial Investment News

News Breaks
December 27, 2012
17:39 EDTNFLX, IBM, CRM, RAX, VMW, AMZNAmazon's Netflix snafu demonstrates 'cloud' risks, Economic Times says
Amazon's (AMZN) Christmas Eve snafu that shut down Netflix (NFLX) streaming videos for users from Canada to South America highlights the possible pitfalls of transferring datacenter operations to the cloud, says the Economic Times.
News For AMZN;NFLX;IBM;CRM;RAX;VMW From The Last 14 Days
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May 17, 2013
06:12 EDTAMZNApple losing its edge as innovator, poll shows, Bloomberg reports
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06:06 EDTAMZNOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
May 16, 2013
13:09 EDTVMWVMware to host a webcast
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10:03 EDTAMZNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen.
09:38 EDTCRM, CRMSalesforce.com partners met or beat expectations for Q1, says OTR Global
OTR Global's said Salesforce.com's partners have met or beat Q1 2014 business expectations driven by the Force.com platform.
09:36 EDTNFLXActive equity option families trading on open
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09:33 EDTCRM, CRMSalesforce.com mentioned positively at OTR Global
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09:24 EDTAMZNAmazon.com expands content licensing agreement with NBCUniversal
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06:46 EDTAMZNAmazon.com initiated with a Buy at Lazard Capital
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05:56 EDTRAXStocks with implied volatility below IV index mean; RAX MBI
Stocks with implied volatility below IV index mean; Rackspace (RAX), MBIA (MBI) according to IVolatility.
05:55 EDTIBMStocks with implied volatility below IV index mean; IBM FSLR
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May 15, 2013
17:46 EDTAMZNSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
17:03 EDTVMWSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:55 EDTIBMBerkshire Hathaway gives quarterly update on stakes
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16:02 EDTNFLXOptions Update; May 15, 2013
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14:28 EDTNFLXNetflix targets 100 basis points of margin expansion a quarter
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12:17 EDTNFLXIcahn paper profit in Netflix tops $1B, WSJ reports
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11:16 EDTRAXOptions with decreasing implied volatility: RAX CSC SPPI MBI PANL
10:51 EDTNFLXNetflix CFO says growing subscribers at $8 price point
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10:42 EDTNFLXNetflix moves higher, levels to watch
The shares are moving against the broader sideways or down move in technology today, last at $244.10. It would appear that traders are intent on moving the shares back toward the $250 area. That area in the prior two-years was important support and then resistance. When the shares broke below that level in August 2011, it presaged a steep decline in share price. Retaking that level and holding it therefore might encourage more bullishness for higher price. A failure to do so could potentially derail the current trend higher.
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