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Stock Market & Financial Investment News

News For AMZN;NFLX From The Last 14 Days
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January 30, 2015
16:28 EDTAMZNMarket finishes week lower as earnings, GDP miss drag down stocks
Stocks ended the week lower as several major companies reported weaker than expected results or gave disappointing guidance and a number of U.S. economic data points came in below the consensus outlook. MACRO NEWS: The Federal Reserve reiterated that it would exercise patience in deciding when to raise interest rates. The central bank added that economic growth was expanding at a "solid" pace... U.S. economic data was mixed, as Q4 GDP growth, durable goods orders for December, and pending home sales came in below expectations, but weekly jobless claims and new home sales for December beat expectations... In Europe, the annual cost of living in the euro zone currency bloc fell 0.6% in January, versus analysts' forecast for a fall of 0.5%. However, the bloc's unemployment rate inched down to 11.4% in December from 11.5% in November. Analysts had expected the unemployment rate to remain unchanged. COMPANY NEWS: Apple's (AAPL) shares rose after the company reported record results, beating analysts' expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook... Visa (V), Boeing (BA), Amazon.com (AMZN), Google (GOOG), and video game maker Electronic Arts (EA) were among the companies that rose following their earnings reports. Facebook (FB) reported stronger than expected results but its stock was little changed on the week... Microsoft (MSFT), Caterpillar (CAT), Qualcomm (QCOM), Alibaba (BABA), DuPont (DD), and 3M (MMM) fell after reporting their results... Yahoo (YHOO) announced that it plans to spin off its stake in Alibaba later this year in a tax-free transaction. The announcement led to speculation that Yahoo could become a takeover target... McDonald's (MCD) announced that its CEO, Don Thompson, would step down and be replaced by its current Chief Brand Officer, Steve Easterbrook. Its stock reacted favorably to the executive change... Qualcomm (QCOM) cut its fiscal 2015 guidance and announced that its Snapdragon 810 processor will not be in the upcoming design cycle of a large customer's flagship device. A number of analysts and media outlets said that Samsung was the company to which Qualcomm was referring. INDEXES: For the week, the Dow is down 2.83% to 17,164.95, the Nasdaq is down 2.56% to 4,635.24, and the S&P is down 2.77% to 1,994.99.
16:18 EDTAMZNOn The Fly: Closing Wrap
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16:02 EDTNFLXOptions Update; January 30, 2015
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14:52 EDTNFLXSony Pictures, Warner Bros, Singtel partner to deliver OTT video to Asia
Singtel, Sony Pictures Television (SNE) and Warner Bros. Entertainment, a subsidiary of Time Warner (TWX), have established HOOQ, a joint venture start-up, to offer a regional over-the-top, or OTT, video service in Asia. HOOQ will deliver both Hollywood blockbusters and television series, as well as popular local movies and programs to customers anytime, anywhere by enabling them to stream and download their favorite shows on their device or platform of choice. HOOQ will be rolled out progressively in the Singtel Groupís Asian footprint, including Indonesia, the Philippines, India and Thailand, from Q1. The venture is designed to compete directly with Netflix (NFLX) as the company has been preparing to launch in Australia and New Zealand this year and into broader Asian market in the near future.
12:45 EDTAMZNOn The Fly: Midday Wrap
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11:14 EDTAMZNStocks with call strike movement; YHOO AMZN
Yahoo (YHOO) July 52.5 call option implied volatility decreased 3% to 32, Amazon.com (AMZN) July 410 call option implied volatility decreased 10% to 28 according to IVolatility.
10:13 EDTAMZNOptions with decreasing implied volatility
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09:35 EDTNFLX, AMZNActive equity options trading
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09:26 EDTAMZNOn The Fly: Pre-market Movers
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07:57 EDTAMZNAmazon.com price target raised to $380 from $340 at RW Baird
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07:39 EDTAMZNAmazon.com media performance still a concern, says JMP Securities
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07:22 EDTAMZNAmazon.com price target raised to $410 from $389 at Credit Suisse
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07:02 EDTAMZNAmazon.com price target raised to $385 from $365 at Cantor
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06:20 EDTAMZNAmazon.com price target raised to $405 from $354 at Citigroup
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06:11 EDTAMZNAmazon.com price target raised to $420 from $400 at Piper Jaffray
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06:00 EDTNFLXStocks with implied volatility below IV index mean; MSFT NFLX
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January 29, 2015
19:14 EDTAMZNOn The Fly: After Hours Movers
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18:18 EDTAMZNAmazon CFO says company investing in India
Amazon CFO Thomas Szkutak stated that the company thinks that India is a very interesting opportunity and the company is investing in India. Szkutak added that the company is also investing in China. Szkutak also stated that the company should see some benefits, over a long period of time, if fuel prices are sustainable. Comments provided during Q4 earnings conference call.
16:05 EDTAMZNAmazon.com reports worldwide paid Prime memberships up 53% in 2014
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16:03 EDTAMZNAmazon.com jumps 4% after Q4 earnings top expectations
16:03 EDTAMZNAmazon.com sees Q1 revenue $20.9B-$22.9B, consensus $23.05B
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16:01 EDTAMZNAmazon.com reports Q4 EPS 45c, consensus 17c
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16:00 EDTAMZN, NFLXOptions Update; January 29, 2015
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15:37 EDTAMZNNotable companies reporting after market close
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14:52 EDTAMZNAmazon.com January weekly 307 straddle priced for 7.5% movement into Q4
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13:17 EDTAMZNEarnings Preview: Amazon sees Q4 revenue $27.3B-$30.3B
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of 17c on revenue of $29.67B. The consensus range is (41c)-56c for EPS, and $28.83B-$30.24B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of (96c) against estimates of (74c), on revenue of $20.58B against estimates of $20.84B. The company gave Q4 revenue guidance of $27.3B-$30.3B and Q4 operating income guidance of ($570M)-$430M, compared to $510M in the year-ago period. Amazon also reported Q3 operating cash flow up 15% to $5.71B. During its Q3 earnings conference call, Amazon reported Q3 active customer accounts exceeded 260M and said it viewed international as a "big opportunity" for growth. The company also said it was seeing "great growth" in Prime and noted that it was not planning to change the price. NEWS: During the quarter, Amazon's Audible unit acquired online comedy service Rooftop Media for an undisclosed amount and its Twitch platform acquired GoodGame; Amazon also acquired Annapurna Labs, an Israeli startup. The company said it plans to create more than 1,000 full-time jobs with a $75M in investment in Illinois. China Daily said Amazon would enable Chinese consumers to shop on its overseas websites and The Globe and Mail said Amazon would offer same-day shipping in Canada. During the fall, Amazon experimented with utilizing taxi cab services as a delivery method throughout San Francisco and Los Angeles using the mobile app Flywheel, according to The Wall Street Journal. Amazon's Fire TV Stick started shipping in November for $39 and outfitted several U.S. warehouses with wheeled robots that move stocked shelves to workers and are expected to speed delivery. Amazon Chief Executive Officer Jeff Bezos told Business Insider CEO Henry Blodget that the company has a succession plan in place. Amazon also announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items and The Wall Street Journal said the company was practicing one-hour deliveries with bike messengers in New York City. European regulators said Amazon's tax arrangements in Luxembourg could give the company an illegal advantage over competitors and that the method Luxembourg used to calculate taxes payable by Amazon did not comply with international guidelines.U.S. technology giants like Amazon, Google (GOOG), Facebook (FB), Microsoft (MSFT) and others are "very worried" about the backlash they are now facing in Europe and U.S. companies may now remove services in some European countries because it isnít worth the trouble and cost to cater to local laws in some of those countries, said The Wall Street Journal. Scott Wapner of CNBC stated on Twitter that sources tell him that Carl Icahn has "no stake at all" in Amazon, which had moved higher earlier amid rumors of Icahn getting involved in the stock. Most recently, Amazon said its Amazon Studios unit will begin to produce and acquire original movies for theatrical release and early window distribution on Amazon Prime Instant Video. The company also discontinued its Amazon Elements line of diapers after less than two months. Additionally, Amazon announced Amazon WorkMail, an email and calendar service. STREET RESEARCH: Robert W. Baird believes Amazon WorkMail could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon. Piper Jaffray, which has an Overweight rating and $400 price target on the stock, believes Amazon.com shares are pricing in a soft margin outlook ahead of the company's December quarter results. Piper says that while it is unsure about near-term margins, it thinks any upside would be rewarded disproportionately. It also thinks the market is already expecting 2015 revenue to come down by 1%-2% due to currency moves. JPMorgan keeps a Neutral rating on Amazon.com ahead of the company's Q4 results but says it is "warming up" to the stock. The firm believes Prime subscriber growth has been strong worldwide and raised its price target for shares to $323 from $307. PRICE ACTION: Amazon.com shares have increased over 3.7% over the last three months. In Thursday trading ahead of the Q4 report, Amazon.com shares are up fractionally.
12:33 EDTAMZNAmazon.com technical notes ahead of earnings
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09:37 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL FB KO NFLX PFMT GILD YHOO TSLA MCD
09:02 EDTAMZNAmazon.com adds comedy Catastrophe to original series line-up
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07:50 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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06:00 EDTNFLXStocks with implied volatility below IV index mean; ORCL NFLX
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January 28, 2015
16:46 EDTAMZNAmazon.com announces Amazon WorkMail
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16:00 EDTAMZNOptions Update; January 28, 2015
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14:55 EDTAMZNAmazon.com WorkMail could lead to $10B+ opportunity, says RW Baird
After multiple news outlets reported that Amazon would announce a new enterprise e-mail and calendar solution called WorkMail, Robert W. Baird believes the product could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon.
13:51 EDTAMZNAmazon.com will launch WorkMail, an email and calendar service, WSJ reports
Amazon (AMZN) plans to launch WorkMail, an email and electronic calendar service, hoping to compete against Microsoft (MSFT) and Google (GOOG) in the corporate-email marketplace, Wall Street Journal reports. The company hopes that its sales pitch of "simplicity and security" will pull customers in. Reference Link
12:51 EDTNFLXIcahn says net neutrality 'cloud' went away for Netflix
Carl Icahn on CNBC said he agrees completely with his portfolio managers in regards to Netflix. Icahn believes the net neutrality "cloud" has went away for the streaming movie service. Icahn Capital portfolio manager David Schechter in the same interview said he believes Netflix shares are "significantly undervalued" and that the company's market capitalization will be multiples higher in five years.
11:21 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
Amazon.com January weekly call option implied volatility is at 131, February is at 48, March is at 41; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement in the expected release of Q4 results on January 29.
09:35 EDTNFLXActive equity options trading
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09:19 EDTNFLXNetflix volatility decreases on sharp rally
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09:07 EDTAMZNAmazon announces content licensing agreement with Starz Digital Media
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05:57 EDTNFLXStocks with implied volatility below IV index mean; ORCL NPSP
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January 27, 2015
16:00 EDTAMZNOptions Update; January 27, 2015
iPath S&P 500 VIX Short-Term Futures up 1.40 to 32.01. Option volume leaders: AAPL TSLA TWTR AMZN FB MSFT X RIG YHOO C GILD according to Track Data.
14:34 EDTAMZN, NFLXNetflix, Amazon saw increase of 15%-20% in streams during blizzard, CNBC says
Netflix (NFLX) saw an increase of 15% in streaming video, and Amazon (AMZN) saw a rise of 20% in Amazon Prime video in some New England markets during winter storm Juno, CNBC reports, citing Procera Networks. Numbers do not include mobile streaming or New York City market.
12:21 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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11:07 EDTAMZNAmazon.com shares pricing in soft margin outlook, says Piper Jaffray
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10:35 EDTNFLXOptions with decreasing implied volatility
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09:36 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
08:59 EDTAMZNJPMorgan 'warming up' to shares of Amazon.com
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07:46 EDTAMZNStifel to hold a conference
2015 Senior Housing and Healthcare Real Estate Conference is being held in Dana Point, California on January 27.
07:29 EDTAMZNPepsi launches naturally-sweetened Pepsi True in three states, WSJ says
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January 26, 2015
16:01 EDTNFLX, AMZNOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
10:30 EDTNFLXOptions with decreasing implied volatility
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09:49 EDTAMZNActive equity options trading
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09:15 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
Amazon.com January weekly call option implied volatility is at 90, February is at 44, March is at 35; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement in the expected release of Q4 results on January 29.
07:58 EDTAMZNAmazon unit being probed in Japan on child porn allegations, Bloomberg says
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06:09 EDTNFLXStocks with implied volatility below IV index mean; ORCL NFLX
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, Netflix (NFLX) 31 according to iVolatility.
January 23, 2015
16:55 EDTNFLXMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
16:01 EDTAMZNOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
10:15 EDTNFLXOptions with decreasing implied volatility
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09:36 EDTAMZN, NFLXActive equity options trading
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08:07 EDTAMZNU.S. tech giants nervous about backlash in Europe, WSJ says
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January 22, 2015
16:30 EDTAMZNAmazon acquires Annapurna Labs, Re/code says
Amazon confirmed that it has acquired Annapurna Labs, an Israeli startup that designs networking chips for data centers, reports Re/code, citing a spokeswoman for Amazonís AWS unit. Amazon declined to comment on the price of the transaction; however reports have the price at about $350M, Re/code adds. Reference Link
16:00 EDTAMZNOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
13:55 EDTNFLXNetflix initiated with a Buy at Societe Generale
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11:37 EDTAMZNStocks with call strike movement; SNDK AMZN
SanDisk (SNDK) March 85 call option implied volatility decreased 13% to 31, Amazon.com (AMZN) April 340 call option implied volatility decreased 3% to 32 according to IVolatility.
10:35 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTNFLXOn the Fly: Analyst Initiation Summary
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09:43 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
09:02 EDTAMZNAmazon.com launches Kindle Textbook Creator
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07:20 EDTNFLXNetflix initiated with a Buy at Pivotal Research
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07:11 EDTAMZNAmazon.com Web Services unit worth around $32B, says Piper Jaffray
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06:52 EDTAMZNAmazon.com in advanced talks to buy Israeli chipmaker, Calcalist says
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January 21, 2015
16:35 EDTNFLXOn The Fly: Closing Wrap
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16:00 EDTNFLX, AMZNOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
15:51 EDTAMZNAmazon.com upgraded to Buy ahead of earnings at BGC Financial
As previously reported, BGC Financial analyst Colin Gillis upgraded Amazon.com to Buy from Hold ahead of the company's upcoming earnings report, citing expectations for the end of its Hachette dispute to improve North American media sales and profitability in the near-term and for the company's ecosystem building and advertising business to benefit it over the long-term. Gillis, who expects Amazon to turn profits in its December and March quarters, maintains a $340 price target on the stock.
15:45 EDTAMZNAmazon.com upgraded to Buy from Hold at BGC Financial
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12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bankís executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
11:34 EDTAMZNAmazon pulling plug on Amazon Wallet app beta, CNet reports
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11:28 EDTAMZNAmazon.com spikes higher on heavy volume, retraces, levels to watch
The stock has been on a wild set of turns in price in the last 20 minutes, trading as high as $306 for the day, but last at $296.51. Volume is heavy. There was a rumor circulating that Carl Icahn was taking a position in the company with some plan to spin off its web services. CNBC's David Faber and Scott Wapner have said sources indicate Icahn has no position in the stock at all. At last price resistance is at the $300 area, support is at $294.12.
11:19 EDTAMZNCarl Icahn owns no Amazon.com, CNBC's Faber reports
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11:18 EDTAMZNIcahn has no stake in Amazon.com, CNBC's Wapner says
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11:17 EDTAMZNAmazon.com spikes 6% to $305.93 amid social media chatter
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11:06 EDTAMZNAmazon.com volatility increases as shares rally
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10:47 EDTNFLXOptions with decreasing implied volatility
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10:32 EDTNFLXNetflix rallies amid slew of target raises, but one analyst bucks trend
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10:01 EDTNFLXOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR†Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
09:47 EDTNFLXNetflix fades from initial gap high, levels to watch
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09:17 EDTNFLXNetflix gaps up sharply following earnings surprise, levels to watch
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09:16 EDTNFLXOn The Fly: Pre-market Movers
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09:10 EDTAMZNSenate Commerce, Science & Transportation Committee holds a hearing
The Committee holds a hearing entitled, "Protecting the Internet and Consumers through Congressional Action" featuring non-government expert witnesses testifying about current authorities of the FCC and Congressí options to update outdated laws for the Internet Age with Vice President of Amazon.com, Paul Misener on January 21 at 2:30 pm.Webcast Link
08:43 EDTAMZNAmazon discontinues Amazon Elements line of diapers, Re/code reports
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08:32 EDTNFLXNetflix earnings only in-line when excluding items, says FBR Capital
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08:15 EDTNFLXNetflix price target raised to $465 from $382 at Cowen
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08:00 EDTAMZNHouse Energy & Commerce Committee to hold a hearing
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07:59 EDTNFLXNetflix price target raised to $511 from $450 at JPMorgan
JPMorgan raised its price target for Netflix shares to $511 saying the company reported strong Q4 results last night. The firm believes Netflix's stronger than expected international subscriber growth and increased efficiency at expanding into new markets provides better profit visibility. It reiterates an Overweight rating on the stock. Shares of Netflix are rallying $61.20 to $410.00 in pre-market trading.
07:53 EDTNFLXNetflix price target raised to $500 from $380 at Stifel
Stifel raised its price target on Netflix after the company reported stronger than expected Q4 results, and Q1 guidance that the firm views as solid. The firm thinks the company is successfully carrying out its plan to become the leading global Internet TV network. Stifel keeps a Buy rating on the shares.
07:34 EDTNFLXNetflix CEO sees room for competition in video streaming market, CNet says
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07:33 EDTNFLXNetflix price target raised to $483 from $431 at Oppenheimer
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07:00 EDTNFLXNetflix price target raised to $450 from $415 at Cantor
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06:44 EDTNFLXNetflix upgraded at Nomura
As previously reported, Nomura upgraded Netflix to Buy from Neutral. The firm upgraded shares based on more reasonable subscriber expectations, price elasticity, a strong 2015 content cycle, global cost efficiencies, and funding likely from corporate debt and not a capital raise. Price target is $500.
06:30 EDTNFLXNetflix suggested FY15 operating income will decline, says Piper Jaffray
Piper Jaffray attributes the upside Netflix reported in Q4 to international momentum. The firm notes, however, that Netflix suggested FY15 operating income will decline year-over-year given continued international expansion into other new countries later in the year. Piper raised its price target for shares to $360 from $345 but keeps a Neutral rating on the name.
06:21 EDTNFLXNetflix price target raised to $409 from $364 at Citigroup
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06:21 EDTNFLXNetflix upgraded to Buy from Neutral at Nomura
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06:17 EDTNFLX, AMZNOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
18:30 EDTNFLXOn The Fly: After Hours Movers
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17:46 EDTNFLXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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17:22 EDTNFLXNetflix to begin streaming 'The Interview' in U.S., Canada on Saturday, Jan. 24
Netflix stated in its Q4 investor letter, "We are thrilled to offer exclusively the controversial comedy, The Interview, to our U.S. and Canadian members beginning this Saturday, Jan. 24 - just thirty days after it debuted in theaters and pay-per-view."
16:16 EDTNFLXNetflix sees FY15 operating income down from FY14
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16:16 EDTNFLXNetflix sees continuning to grow spending dedicated to originals
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16:15 EDTNFLXNetflix trades sharply higher after earnings, first look
The stock is up over 12% at time of writing to $393.76 following results in the extended session. At that price resistance is at $395.52. Support is at $386.68.
16:13 EDTNFLXNetflix sees completing global expansion over next two years
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16:10 EDTNFLXNetflix reports Q4 EPS 72c, consensus 45c
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16:08 EDTNFLXNetflix up 11% after reporting better than expected Q4 earnings
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16:07 EDTNFLXNetflix sees Q1 net streaming additions of 4.05M
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16:06 EDTNFLXNetflix sees Q1 EPS 60c, consensus 77c
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16:06 EDTNFLXNetflix reports 4.33M members added in Q4
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16:00 EDTNFLXOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
15:21 EDTNFLXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:17 EDTNFLXNetflix technical commentary ahead of earnings
The stock has been in a sideways consolidation pattern since a sharp downtrend began in October of last year. The approximate range has been a high at $350 and a low at $320. Breaks of either end of this range will be important determinants of the trend following earnings. A breakout above $350 would potentially reverse the current dominant downtrend. With over 8.5% of the trading float short, there could be substantial buy-to-cover pressure in the event of a positive surprise. Upside levels to watch above $350 would be at $357.95, $366.51, and $375.83. On an extreme positive surprise, the $380 area could be tested. If the news is negative, a break below the $320 area would likely lead to a resumption of the dominant downtrend. Support levels to watch would be at $310.25, $299.50, and $290.28. A breakdown below $300 would be long-term bearish for price, confirming a major top.
14:04 EDTNFLXNetflix January weekly 345 straddle priced for 11% movement into Q4
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09:52 EDTAMZNAmazon.com's Q4 revenue trending to $29.5B vs. consnesus of $29.7B at ITG
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09:38 EDTAMZNActive equity options trading
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08:17 EDTAMZNPattern Energy to supply power to Amazon Web Services
Pattern Energy Group (PEGI) announced it has entered into a 13-year power purchase agreement, or PPA, to supply power to Amazon Web Services, or AWS, an Amazon.com (AMZN) company. AWS will acquire the production from the 150 megawatt Fowler Ridge IV Wind project, to be renamed Amazon Web Services Wind Farm.
08:11 EDTNFLXNetflix volatility increases into Q4 and outlook
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08:01 EDTAMZNAmazon Web Services to use wind farm power to supply datacenters with power
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January 19, 2015
11:14 EDTAMZNAmazon to produce original movies for theaters, Prime Instant Video
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