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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:08 EDTNFLX, AMZNAmazon 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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August 20, 2015
13:26 EDTNFLXOn The Fly: Top stock stories at midday
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13:18 EDTAMZNAmazon.com falls, levels to watch
The shares are down 2.8% at time of writing to $517.99. The last established support level before the large bullish gap from last earnings is at $513.06. If that level is taken out on the downside, a gam fill will begin. And the chart will be left with a blow-off top formation. Resistance is at $522.62.
12:56 EDTAMZNSmall drones bringing air traffic problems in U.S., Washington Post reports
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11:22 EDTNFLXNetflix selling accelerates on heavier volume
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11:16 EDTNFLXStocks with call strike movement; FB NFLX
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10:19 EDTNFLXNetflix may test uptrend support
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09:17 EDTNFLXDisney hit with another downgrade on TV concerns
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06:05 EDTAMZNAmazon Web Services to open data support center in London, Financial Times says
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05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
16:00 EDTNFLXOptions Update; August 19, 2015
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10:57 EDTNFLXT-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
09:33 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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06:01 EDTNFLXNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
August 18, 2015
18:06 EDTAMZNAmazon tests 'Flex' package pickup service, GeekWire says
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16:00 EDTAMZNAmazon workplace policies making U.K. staff physically ill, Guardian says
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16:00 EDTNFLXOptions Update; August 18, 2015
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11:14 EDTNFLXStocks with call strike movement; NFLX VALE
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09:39 EDTNFLXActive equity options trading on open
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06:39 EDTAMZNUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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