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Stock Market & Financial Investment News

News For AMZN;NFLX From The Last 14 Days
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January 27, 2016
16:01 EDTNFLXOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
13:47 EDTAMZNVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
12:27 EDTNFLXIndonesia telecom blocks Netflix access, WSJ says
Indonesia's state-owned PT Telekomunikasi Indonesia, or Telkom, blocked access to Netflix in the country, the Wall Street Journal reports. Telkom said it blocked access to the streaming service after it determined it didn't have a permit to operate as a content provider in Indonesia, the report says. It added that it objected to some of Netflix's available content, including what it said was violent and adult content, the report says. Reference Link
11:34 EDTAMZNVIX methodology for Amazon VXAZN up 3% to 49.89 into Q4 and outlook
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11:17 EDTAMZNStocks with call strike movement; AMZN HOG
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11:06 EDTNFLXStocks with call strike movement; NFLX COP
Netflix (NFLX) April 105 call option implied volatility increased 5% to 55, ConocoPhillips (COP) May 20 call option implied volatility increased 1% to 46 according to iVolatility.
09:32 EDTNFLX, AMZNActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:04 EDTNFLXNetflix could become stronger in a recession, says MKM Partners
MKM Partners analyst Rob Sanderson believes a recession would likely accelerate cord-cutting, which could improve Netflix's competitive position, and he recommends using any near-term weakness in the streaming service provider's shares to build positions. Sanderson, who calls the company's momentum in international markets "outstanding" and think Netflix's margins will be higher than incumbent media players at scale, maintains a Buy rating and $145 price target on Netflix shares.
07:13 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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06:59 EDTAMZNOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:10 EDTNFLX, AMZNAmazon beats Netflix at Sundance deals, NY Post reports
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January 26, 2016
19:23 EDTNFLXNetflix bid $20M for 'Birth of a Nation,' Bloomberg says
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16:00 EDTNFLX, AMZNOptions Update; January 26, 2016
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13:16 EDTNFLXNetflix in counter-trend drop
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12:13 EDTAMZNFANG shares are trading lower with elevated option implied volatility
Amazon current 30-day call option implied volatility is at 49, compared to a one-month ago of 29, suggesting large price movement.
11:13 EDTAMZN, NFLXActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:06 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT GNC ALKS CALM NFLX CREE FFIV COH ISRG IBM
09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
07:51 EDTAMZNStreet still underestimates Alphabet's outlook, says Bernstein
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07:44 EDTAMZNStreet margin outlook for Amazon continues to be too low, says Bernstein
Bernstein says that Amazon's (AMZN) margins are poised to beat Street expectations, and the firm's 2016 and 2017 EBITDA estimates for the company are about 17% above Street levels. The firm is more upbeat on Amazon than on Alphabet (GOOG, GOOGL) and Facebook (FB)
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