New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 13, 2014
12:40 EDTCOVS, TSRO, MEI, AMZN, CALLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as an initial bump from better than expected domestic economic data got overshadowed by poor data from China and increasing jitters about the situation in Ukraine. Stocks began the session slightly higher thanks in part to better than expected jobless claims and retail sales figures. The market moved higher at the open but then began to drift lower and crossed into negative territory a little over an hour into trading. Comments by Secretary of State Kerry that the U.S. and Europe would react to Russia on Monday if a dialogue had not taken place may have reignited anxiety about the still unsettled situation there. It certainly did not help the market tone that virtually all of the data released overnight by China missed expectations. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 9K from the revised total for the prior week to 315K in the week ended March 8. The 315K weekly figure was a three-month low and came in below the consensus forecast for 330K initial claims. Retail sales rose 0.3% in February compared to the previous month, beating an expected increase of 0.2%. The import price index for February rose 0.9% from the prior month, versus an expected increase of 0.5%. Business inventories grew 0.4% in January, which was in-line with the consensus estimate. In China, industrial output growth slowed to 8.6% in January and February compared to the prior year, which missed forecasts of 9.5% and is down from 9.7% in December. Property sales, fixed-asset investment and retail sales for the two months all also dropped and came in below forecasts. Note that China publishes January and February numbers together to smooth out distortions caused by the timing of the lunar new year. COMPANY NEWS: (AMZN) shares were up 1% after the company announced an increase in the price of its Prime service for existing regular members to $99 from $79. During its fourth quarter results conference call in late January the e-commerce giant had said that it could raise the price for the Prime service by $20-$40 per year in the future. In a note to investors earlier today, UBS analyst Eric Sheridan reiterated his theory that Amazon would have to provide Prime users with additional services in order to justify the price increase. Sheridan first disseminated the theory on February 2 and today he noted that media outlets have reported that the company is developing a streaming music service. Another firm, Piper Jaffray, estimates Amazon's $20 Prime pricing increase could add about $800M in revenue and $150M in operating income through the first full year. Piper expects any increase in operating income would be reinvested back into the business and keeps an Overweight rating on Amazon with a $420 price target. MAJOR MOVERS: Among the notable gainers was TESARO (TSRO), which jumped 29% after the company signed a license agreement with AnaptysBio that Mizuho analyst Peter Lawson said provides the company access to multiple candidates in the "rapidly developing" cancer immunotherapy market. Also higher was magicJack (CALL), a provider of voice over Internet protocol services in the United States, which surged 17% after its fourth quarter results and guidance significantly surpassed analysts' consensus estimate. Among the noteworthy losers was Covisint (COVS), which dropped 24% after it gave a preliminary Q4 revenue view that missed forecasts and named a new interim CEO. Also lower was Methode Electronics (MEI), which fell 13% after the company's third quarter profit missed expectations following two straight "beat and raise" reports in its past two quarters. INDEXES: Near midday, the Dow was down 130.95, or 0.8%, to 16,209.13, the Nasdaq was down 41.09, or 0.95%, to 4,282.24, and the S&P 500 was down 12.98, or 0.69%, to 1,855.22.
News For AMZN;TSRO;CALL;MEI;COVS 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 >>
November 24, 2015
16:14 to open fulfillment center in Massachusetts
Subscribe for More Information
16:00 EDTAMZNOptions Update; November 24, 2015
iPath S&P 500 VIX Short-Term Futures up 13c to 19.04, Option volume leaders: AAPL FB NFLX BAC PFE AMZN CHK TWTR GE SUNE DE AGN AAL MSFT INTC X BABA A
08:48 EDTAMZNAmazon may be running air cargo trial in Ohio, Motherboard says
Amazon (AMZN), which has been increasingly investing in its own alternatives to UPS (UPS), FedEx (FDX) and other shipping partners, may be utilizing a third-party air cargo operation in Ohio, dubbed "Aerosmith," on a trial basis to transport products between East Coast and West Coast fulfillment operations, according to Motherboard. Reference Link
November 23, 2015
17:27 EDTCOVSVector Capital reports 6.22% stake in Covisint
Subscribe for More Information
16:02 EDTAMZNOptions Update; November 23, 2015
Subscribe for More Information
09:39 EDTAMZNActive equity options trading on open
Subscribe for More Information
November 20, 2015
16:02 EDTAMZNOptions Update; November 20, 2015
Subscribe for More Information
10:38 EDTAMZNAnalyst sees 'cloud cold war' coming between Google, Microsoft, Amazon
Recent comments by Google (GOOG) indicate that the tech giant plans to make a major push in the cloud infrastructure market, Deutsche Bank analyst Ross Sandler wrote in a note to investors today. Google's initiatives in this area could significantly boost its stock price and signify the start of a "cold war" in the space, but are unlikely to negatively affect the number two player in the area, Microsoft (MSFT), Sandler believes. WHAT'S NEW: Google has not been aggressively expanding its cloud infrastructure business, but recent comments by the tech giant indicates that this situation is changing, Sandler wrote. Google executive Urs Holzle said that the tech giant plans to aggressively expand its cloud platform, and projected that the company's revenue from the cloud could surpass its ad revenue by 2020, the analyst noted. The note comes after Google acquired a small platform-as-a-service company called bebop and appointed its CEO, VmWare (VMW) co-founder Diane Greene, to lead a new cloud business. Based on Hozle's comment, Google is seeking to boost its cloud revenue to $100B by 2020, Sandler estimated. If the tech giant even "gets part of the way" to meeting the goal, the growth in its cloud business will boost its market cap by hundreds of billions of dollars, Sandler believes. Google's push in the cloud is negative for Microsoft, but it will take years for Google to build up its cloud business to the point where it's competitive with Microsoft's cloud offering, Azure, the analyst contended. Amazon (AMZN), which Google also much catch, is the runaway leader in the cloud market. WHAT'S NOTABLE: Google may look to make acquisitions in the software-as-a-service sector to build up its cloud business, and vendors like Red Hat (RHT) which sell to cloud infrastructure providers have added a major new customer, Sandler wrote. Major software-as-a-service providers include (CRM), Workday (WDAY), and Netsuite (N). PRICE ACTION: In early trading, Alphabet Class A shares gained 1.5% to $771.37, Microsoft slid 1.1% to $53.33 and Amazon rose fractionally to $662.87.
10:04 EDTAMZNActive equity options trading on open
Subscribe for More Information
November 19, 2015
16:33's Amazon Web Services to build Amazon Wind Farm US Central in Ohio company Amazon Web Services has contracted with EDP Renewables to construct and operate a 100 MW wind farm in Paulding County, Ohio, called the Amazon Wind Farm US Central. This new wind farm is expected to start generating approximately 320K MWh of wind energy annually starting in May 2017. The energy generated will be delivered into the electrical grid that supplies both current and future AWS Cloud data centers.
11:15 EDTAMZNStocks with call strike movement; AMZN FB
Subscribe for More Information
09:34 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL CHK BAC FB PFE MU GMCR AMZN NFLX BBY BABA CRM QCOM
09:03 EDTAMZNAmazon launches screenwriting tool Storywriter
Subscribe for More Information
08:56 EDTAMZNAmazon expands Prime Now to San Diego
Amazon announced that, starting today, its Prime Now one-hour delivery service is expanding to San Diego and surrounding areas, and just in time for Thanksgiving. This ultra-fast service, offered exclusively as a benefit to Prime members, provides one-hour delivery on tens of thousands of daily essentials through a mobile app like paper towels, milk, diapers, laptops, and Kindle devices, to name a few. Through the Prime Now service, customers in San Diego can also purchase groceries, fresh produce, prepared meals and baked goods for 1-hour and 2-hour deliveries from Sprouts Farmers Market, Bristol Farms, Northgate Gonzalez Market, and Sprinkles Cupcakes.
November 18, 2015
09:27 EDTAMZNAmazon to open two fulfillment centers in Columbus region, add over 2,000 jobs
Subscribe for More Information
07:43 EDTTSROJefferies to hold a conference
Subscribe for More Information
06:44 EDTAMZNGoPro price target lowered to $15 from $20 at Piper Jaffray
Piper Jaffray analyst Erinn Murphy cut her price target for GoPro (GPRO) shares to $15 after her channel checks indicated further price pressure. The stock closed yesterday down 75c to $20.87. In the last week, GoPro products have been offered on various flash sale websites including making its debut on Liberty Interactive's (QVCA) Zulily yesterday, Murphy tells investors in a research note. She has also seen further price pressure on Amazon (AMZN). The action camera maker will have a difficult time maintaining current margin expectations with price reductions becoming more evident, Murphy argues. She is "incrementally cautious" on GoPro into the holiday season and keeps an Underweight rating on the name.
05:45 to offer new deals every five minutes starting Friday, Nov. 20 announced holiday deals start on Friday, November 20, with new deals added as often as every five minutes for eight straight days. Customers will have access to 10 coveted Deals of the Day starting at midnight on Thanksgiving, and up to 10 more on Black Friday. Customers can also shop limited-time Lightning Deals on thousands of sought-after products per day throughout the eight days of deals. Plus, Prime members will get 30-minutes early access to the majority of these Lightning Deals.
November 17, 2015
16:01 EDTAMZNOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
11:24 EDTAMZNStocks with call strike movement; AAL AMZN
American Airlines (AAL) February 50 call option implied volatility increased 2% to 34, (AMZN) April 760 call option implied volatility increased 1% to 32 according to iVolatility.
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use