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Stock Market & Financial Investment News

News Breaks
July 25, 2014
16:18 EDTAMZN, V, Z, TRLA, P, WCGOn The Fly: Closing Wrap
Stocks began the session in negative territory and remained there throughout the day. Earnings and guidance disappointments from a few notable names, particularly Visa (V) and Amazon.com (AMZN), put pressure on the averages from the outset. Buyers moved to the sidelines ahead of the weekend, as reports circulated that no truce accord was reached in Israel and that Russia was building up its troop presence along the Ukrainian border. Also late in the day, Goldman Sachs warned that it believes a sell-off in bonds could lead to a temporary sell-off in equities over the next three months. However, Goldman also noted that it has "strong conviction" that equities are the best positioned asset class over the next 12 months. 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 fell $34.60, or 9.65%, to $324.01 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. However, the company 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 of around 10%-11%. Shares of the Dow Jones Industrial Average component slid $7.97, or 3.58%, to $214.77 following the report and guidance. MAJOR MOVERS: Among the notable gainers were online real estate listing companies Zillow (Z) and Trulia (TRLA), which climbed for a second session in a row after Bloomberg reported yesterday that the former was negotiating to buy the latter. Deutsche Bank analyst Lloyd Walmsley wrote in a note to investors that the Bloomberg story is "credible" as there is a "compelling" rationale for the companies to combine and Zillow ended the day up $13.10, or 8.99%, at $158.86 while Trulia added another $2.61, or 4.86%, to close at $56.35. Among the noteworthy losers was WellCare (WCG), which plunged $15.24, or 19.83%, to $61.61 after the managed care company pre-announced significantly weaker than expected results. Also lower following its earnings report and guidance was online music service operator Pandora (P), which declined $2.97, or 10.34%, to $25.75. INDEXES: The Dow fell 123.23, or 0.72%, to 16,960.57, the Nasdaq dropped 22.54, or 0.5%, to 4,449.56, and the S&P 500 slid 9.64, or 0.48%, to 1,978.34.
News For AMZN;V;Z;TRLA;P;WCG From The Last 14 Days
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September 22, 2014
09:15 EDTAMZNAmazon's Iain Kennedy leaves company for Microsoft, Re/code reports
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07:40 EDTWCGWellCare Medicare Advantage margin outlook concerning, says Wedbush
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07:14 EDTVGSM Association to hold a conference
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07:12 EDTAMZNUnion says Amazon workers in Germany begin strike, WSJ says
The Verdi labor union said that employees at five Amazon logistics centers in Germany have walked out in a two-day demonstration to support requests for a collective wage deal, according to The Wall Street Journal, citing the union. Verdi noted that the strike is anticipated to stop after the late shift tomorrow. Reference Link
September 19, 2014
16:24 EDTAMZNStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:17 EDTAMZNOn The Fly: Closing Wrap
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16:00 EDTAMZNOptions Update; September 19, 2014
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07:05 EDTAMZNAmazon.com pullback creates good entry point, says RBC Capital
RBC Capital thinks Amazon.com is starting to benefit from its same-day delivery service, while the market is underestimating the profit potential of Prime. The firm continues to view the company as one of the best in the Internet sector, and increased its price target on the shares to $435 from 4380 while keeping an Outperform rating.
06:49 EDTWCGGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 18, 2014
16:00 EDTAMZNOptions Update; September 18, 2014
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08:44 EDTAMZNAmazon.com volatility flat into Alibaba IPO
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07:32 EDTPMKM Partners to hold a conference
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06:05 EDTAMZNAmazon partners with Bango, Telefonica Deutschland on carrier billing services
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06:00 EDTAMZNAmazon introduces Fire OS 4 'Sangria'
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05:59 EDTAMZNAmazon announces new Fire HD
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05:57 EDTAMZNAmazon introduces Fire HDX 8.9
Amazon introduced the all-new Fire HDX 8.9, which combines a light design and HDX display with a new, more powerful processor, exclusive Dolby Atmos and the latest Dolby Audio, and all-new Fire OS 4 “Sangria” features and services. The new Fire HDX is available for pre-order starting today for $379.
05:57 EDTAMZNAmazon announces Fire HD Kids Edition
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05:56 EDTAMZNAmazon introduces two new Kindles
Amazon introduced the 7th generation of Kindle: Kindle Voyage and the new $79 Kindle, with a 20% faster processor, twice the storage, and now with a touch interface. Kindle Voyage features an all-new design, with a beautiful flush glass front and a magnesium back. Kindle Voyage uses a brand new Paperwhite display, with the highest resolution, highest contrast, and highest brightness of any Kindle. The new Kindle is available for pre-order today for $79 and will start shipping in October. The new Kindle Voyage is $199 and is available for pre-order and will start shipping in October.
05:51 EDTAMZNPiper questions why Amazon is in hardware business
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05:31 EDTVVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.
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