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Stock Market & Financial Investment News

News Breaks
July 25, 2014
12:51 EDTAMZN, V, P, WCG, VRSN, MLNX, DTLK, SWFTOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendarís sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
News For AMZN;V;P;WCG;VRSN;MLNX;DTLK;SWFT From The Last 14 Days
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October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
07:04 EDTAMZNAmazon in talks to join digital locker for movies. WSJ reports
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06:35 EDTAMZNAmazon in discussions for Jabong acquisition, Economic Times says
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October 9, 2014
16:00 EDTAMZNOptions Update; October 9, 2014
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14:35 EDTAMZNAmazon.com falls to lows of the day, levels to watch
The shares are down over 2% and just off the lows of the session at $315.33. At current price, resistance is at $317.13. Support is at $315.33 and then at $314.14.
14:34 EDTAMZNAmazon plans first physical retail store in NYC, WSJ reports
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14:23 EDTAMZNAmazon plans first physical retail store in NYC, DJ reports
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14:10 EDTPShazam, Sun Broadcasting to launch customized, interactive radio content
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08:02 EDTPPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
07:29 EDTPPandora 2016 EBITDA likely to beat consensus, says Oppenheimer
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06:33 EDTAMZNCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:26 EDTAMZNGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
17:53 EDTAMZNAmazon.com expands operations in Costa Rica, creates more than 1,000 new jobs
Amazon Support Services in Costa Rica inaugurates its fourth service center and announces 1,000 new jobs at its offices located in Calle Blancos and Lagunilla. The Earth's most customer centric company offers seasonal jobs and permanent positions with open dress code, paid training, transportation, doctor on site, plus others. The new operation comes as part of the $19M accumulated investment by 2014. With the company's expansion and the ongoing hiring of staff at its other sites, Amazon expects to employ more than 3,000 persons in Costa Rica by the end of 2014.
16:01 EDTAMZNOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
11:41 EDTAMZNJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
10:00 EDTMLNXOn The Fly: Analyst Initiation Summary
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09:42 EDTAMZNeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
07:42 EDTMLNXMellanox initiated with a Buy at Ladenburg
Target $51.
06:53 EDTAMZNAmazon has not enacted Luxembourg special tax agreements, Reuters says
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06:13 EDTAMZNNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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