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Stock Market & Financial Investment News

News Breaks
March 5, 2014
12:22 EDTSWY, TGT, TFM, WFM, AMZN, SVU, KR, FWMAnalyst sees groceries as 'massive' opportunity for Amazon
Amazon.com's (AMZN) grocery initiative, Amazon Fresh, could spark a new, long-term growth spurt for the company, research firm PiperJaffray wrote in a note to investors earlier today. WHAT'S NEW: According to the USDA, Americans spent $677B on groceries in 2012, Piper analyst Gene Munster wrote. As a result, Fresh will be a "massive" opportunity for Amazon.com, the analyst stated. Fresh also provides Amazon.com with an indirect opportunity, Munster believes. Specifically, the initiative could cause users to spend more time on the website, ultimately resulting in higher sales for Amazon, the analyst believes. Target (TGT) used a similar strategy beginning in 2009, as it added grocery sections to its smaller stores in an effort to entice consumers to visit the stores more frequently. Noting that Amazon currently offers Fresh in Seattle, Los Angeles and San Francisco, Munster wrote that the service is convenient, fast and efficient, but could improve in the areas of price and selection. He kept a $420 price target and Overweight rating on Amazon.com shares. WHAT'S NOTABLE: Fresh costs $299 per year. In addition to the grocery service, subscribers receive all the other benefits of Amazon Prime. OTHERS TO WATCH: Supermarkets that could be affected by the launch of Fresh include Whole Foods (WFM), Safeway (SWY), Supervalu (SVU), Kroeger (KR), The Fresh Market (TFM), and Fairway Group (FWM). PRICE ACTION: In early afternoon trading, Amazon.com rose $6.65, or 1.8%, to $370.50.
News For AMZN;TGT;KR;WFM;SWY;SVU;TFM;FWM From The Last 14 Days
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March 19, 2015
16:31 EDTAMZNAmazon Logistics UAS gets experimental airworthiness certificate
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07:35 EDTWFM, KRKroger price target raised to $90 from $80 at Deutsche Bank
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07:17 EDTTGTStephens to hold a conference
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
05:53 EDTAMZNAmazon plans to shut down Shopify rival Amazon Webstore, Re/code reports
Amazon is planning to shut down Amazon Webstore, its competitor to Shopify and Bigcommerce, Re/code reports, citing sources. The company will allow its Webstore customers over a year to find a new vendor before the service is fully shut down, the sources say. Reference Link
05:30 EDTAMZNAmazon.com expands Prime Now delivery to Baltimore and Miami
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March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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12:26 EDTTGTTarget unveils extended one-year return policy
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09:57 EDTWFMWhole Foods Markets calls active on renewed takeover chatter
Whole Foods Markets March 53, 54 and April 55 calls are active on 8K contracts (1K puts) on renewed takeover chatter. March call option implied volatility is at 38, April is at 25, May is at 30; compared to its 26-week average of 27 according to Track Data. Active call volume suggests traders taking positions for larger near term price movement.
09:43 EDTWFMRumor: Whole Foods active on renewed takeover chatter
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March 17, 2015
14:55 EDTAMZNVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTAMZNVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link
11:23 EDTAMZNApple willing to share TV data to attract programming partners, NY Post reports
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09:07 EDTAMZNDISH's Sling TV launches on Xbox One
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09:05 EDTTGT, AMZNMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAMZNBoeing may produce satellite for tech giants, Reuters says
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March 16, 2015
16:00 EDTAMZNOptions Update; March 16, 2015
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10:44 EDTAMZNNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 15, 2015
18:07 EDTKRKroger shares could still go 20% higher, Barron's says
Kroger shares could climb 20% higher as it continues to gain market share, Barron's contends in a follow up article. Reference Link
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