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News Breaks
March 31, 2014
10:08 EDTAMZN, NFLXAmazon advances after analyst sees most Prime users keeping service
Shares of (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 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
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April 10, 2015
06:15 EDTAMZNAmazon receives FAA approval for new drone tests, Reuters reports
Amazon has won the approval from the FAA to test new delivery drone outdoors, reports Reuters. The FAA granted the company request to test delivery drones in a letter dated Wednesday on the agency's website. According to the letter, Amazon must keep flights at an altitud no more than 400 feet and no faster than 100 miles per hour. Reference Link
April 9, 2015
14:36 EDTAMZNAmazon announces AWS Marketplace for Desktop Apps
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13:28 EDTAMZNAmazon gets Spike Lee movie ‘Chiraq,' the Wrap says
Director Spike Lee is making his next movie "Chiraq" for Amazon Studios, says the Wrap. Lee is said to be courting actors Samuel L. Jackson, Jeremy Piven, Common and Kanye West for the ensemble cast of “Chiraq,” added the Wrap. Reference Link
12:05 EDTAMZNStocks with call strike movement; HLT AMZN
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09:36 EDTAMZNActive equity options trading on open
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08:00 EDTAMZNPitney Bowes, AWS team to enable commerce with cloud solutions
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06:03 announced that Prime Now launches in Austin
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05:56 EDTAMZNAmazon, Flipkart eye 49% stake in FSCS, Times of India reports
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April 8, 2015
16:01 EDTAMZNActionable Options for Wednesday, April, 8
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14:57 EDTNFLXNetflix April volatility into Q1 and outlook
Netflix April weekly call option implied volatility is at 26, April is at 78, May is at 49; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
14:50 EDTNFLXGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
09:35 EDTNFLXActive equity options trading on open
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06:02 EDTAMZNGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
05:55 EDTAMZNStocks with implied volatility above IV index mean; LNKD AMZN
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April 7, 2015
15:08 EDTNFLXArrested Development producer says 17 new episodes to be produced
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09:35 EDTNFLX, AMZNActive equity options trading on open
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07:09 EDTAMZNAmazon licenses technology from Crytek, sources say, Kotaku reports
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April 6, 2015
16:00 EDTAMZN, NFLXOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
09:25 EDTAMZNeBay threatened by merchant satisfaction with Amazon, Bloomberg says
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06:00 EDTAMZNIndian railways may tie up with Amazon for parcels, Economic Times says
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