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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
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May 13, 2015
16:57 EDTNFLXNetflix CCO believes traditional TV will shift towards event coverage, BI says
Netflix Chief Content Officer Ted Sarandos believes that as over-the-top TV services gain momentum, traditional cable and satellite TV is going to become "more about events, and more about award shows and live sports," reports Business Insider, citing remarks at a New York media conference. "Where the attribute really is the liveness of it, television is fantastic. And I think the real saving grace for television is they’ll focus on the other things and make it more event-oriented," said Sarandos. Reference Link
14:52 EDTAMZNAmazon launches new mobile advertising platform
Amazon has launched a new advertising platform for mobile app developers that promises to "promote your app to millions of users on Fire tablet wakescreens and mobile placements on the Amazon Mobile Ad Network." Amazon automatically generates advertisements once an ad placement order is submitted, and touts that an ad campaign can be launched in as little as 90 seconds. Reference Link
13:28 EDTAMZNWal-Mart set to launch Amazon Prime rival, The Information reports
Wal-Mart (WMT) is nearing the launch of a subscription fast-shipping service that will compete with Amazon Prime (AMZN), Amir Efrati of The Information reports, citing people involved with or briefed on the product. The service is an attempt to boost Wal-Mart's online business and should launch in the next few weeks after being pushed back for technical and other issues, Efrati adds. Shares of Amazon are down $2.63 to $428.39 in afternoon trading while Wal-Mart is down 66c to $78.30. Reference Link
13:23 EDTAMZNWal-Mart set to launch rival to Amazon Prime, The Information reports
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09:39 EDTNFLX, AMZNActive equity options trading on open
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09:04 EDTAMZNHouse Judiciary Committee to hold a hearing
The Subcommittee on Courts, Intellectual Property and the Internet holds a hearing entitled, "Stakeholder Perspectives on ICANN: The .Sucks Domain and Essential Steps to Guarantee Trust and Accountability in the Internets Operation" with Vice President Misener of Amazon.com on May 13 at 10 am. Webcast Link
07:16 EDTNFLXMoffett Nathanson to hold a summit
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06:55 EDTNFLXInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
May 12, 2015
09:38 EDTNFLXActive equity options trading on open
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08:07 EDTNFLXSunTrust to hold a conference
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06:02 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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May 11, 2015
16:00 EDTNFLXOptions Update; May 11, 2015
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09:03 EDTAMZNAmazon.com to open fulfillment center in Carteret, NJ
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06:33 EDTNFLXTV networks worried amid tough competition from digital outlets, NY Times says
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06:11 EDTAMZNStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 8, 2015
13:09 EDTNFLX, AMZNCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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09:56 EDTAMZNAmazon Fresh expands to parts of Northern New Jersey, Re/code reports
Amazon Fresh, Amazon's grocery delivery business, has been quietly expanded to reach parts of Northern New Jersey, including Hoboken, Edison and Paramus, Re/code reports. Amazon began delivering groceries to Manhattan and Brooklyn in last eight months. Reference Link
09:36 EDTAMZN, NFLXActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
06:22 EDTAMZN, NFLXCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.
06:02 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 29, Netflix (NFLX) 26 according to iVolatility.
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