New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:08 EDTAMZN, NFLXAmazon advances after analyst sees most Prime users keeping service
Shares of Amazon.com (AMZN) are outperforming the market after research firm Piper Jaffray predicted that the company would retain most of its Prime subscribers following the recent price increase for the service. WHAT'S NEW: After Amazon.com raised the annual price of its Prime service to $99 from $79, Piper Jaffray analyst Gene Munster predicted that 85% of the service's current subscribers would retain their memberships. After analyzing mentions of Prime on Twitter following the announcement of the price increase, Munster reports that 80% of the mentions were positive. Meanwhile, the number of Google searches for the words "cancel Amazon Prime" spiked 193% immediately following the announcement of the price increase, but that jump was much lower than the increase for the search term "cancel Netflix" following that company's price hike in 2011, added the analyst. Amazon's price increase could raise its operating income by $150M over the next year, added Munster. The analyst kept a $420 price target and Overweight rating on the stock. WHAT'S NOTABLE: UBS analyst Eric Sheridan has been less upbeat about Amazon's price hike. In a note to investors on February 2, Sheridan argued that the company would have to provide Prime users with additional services in order to justify the price increase. Additionally, Amazon may have to spend more money on marketing Prime in the wake of the price increase, Sheridan believes. The analyst had a $375 price target and Neutral rating on the stock. PRICE ACTION: In early trading, Amazon climbed $6.01, or 1.78%, to $344.31.
News For AMZN;NFLX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
October 13, 2014
09:06 EDTNFLXNetflix, CBS sign distribution deal in Europe, Hollywood Reporter says
Subscribe for More Information
09:03 EDTAMZNAmazon says Prime members to get early access to select Lightning Deals
Subscribe for More Information
08:50 EDTNFLXNetflix charging extra for 4K Ultra HD content, Variety reports
Netflix will require subscribers to pay its most expensive service tier for 4K Ultra HD content, reports Variety. Subscribers must sign up for the "family" plan at $11.99 monthly, which allows for simultaneous streaming of up to four programs. The reason for the change was that producing and acquiring 4K content costs more that conventional HD, so it has repositioned Ultra HD as a premium offering. Reference Link
08:31 EDTAMZNAmazon, Future Group in online sales pact, Economic Times reports
India's largest listed retailer, Future Group, has signed a deal to jointly sell items over the Internet with Amazon, reported Economic Times, which noted that Future will begin by selling apparel and then expand to in-house brands in the home, electronics and food categories. Reference Link
07:43 EDTNFLXNetflix Q3 results expected to be inline, says Canaccord
Subscribe for More Information
October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information
October 10, 2014
16:02 EDTNFLXActionable Options for Friday, October, 10
Subscribe for More Information
07:04 EDTAMZNAmazon in talks to join digital locker for movies. WSJ reports
Subscribe for More Information
06:39 EDTNFLXNetflix spends $150M annually on content recommendations, Gigaom reports
Subscribe for More Information
06:35 EDTAMZNAmazon in discussions for Jabong acquisition, Economic Times says
Subscribe for More Information
October 9, 2014
16:00 EDTAMZN, NFLXOptions Update; October 9, 2014
Subscribe for More Information
14:35 EDTAMZNAmazon.com falls to lows of the day, levels to watch
The shares are down over 2% and just off the lows of the session at $315.33. At current price, resistance is at $317.13. Support is at $315.33 and then at $314.14.
14:34 EDTAMZNAmazon plans first physical retail store in NYC, WSJ reports
Subscribe for More Information
14:32 EDTNFLXIcahn says never discussed Netflix with Tim Cook
Subscribe for More Information
14:23 EDTAMZNAmazon plans first physical retail store in NYC, DJ reports
Subscribe for More Information
12:37 EDTNFLXBrett Icahn says Netflix is 30% position at Sargon
Subscribe for More Information
12:35 EDTNFLXBrett Icahn says still owns shares of Netflix
Subscribe for More Information
09:38 EDTNFLXActive equity options trading on open
Subscribe for More Information
06:33 EDTAMZNCourt considers whether to pay Amazon workers for security checks, WSJ says
Subscribe for More Information
06:26 EDTAMZNGoogle's tax arrangement facing new challenge by France, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use