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Stock Market & Financial Investment News

News Breaks
September 10, 2012
07:52 EDTAMZN, TGT, WMTToys "R" Us plans a tablet for children, WSJ reports
Toys "R" Us is today expected to say that it plans to sell a proprietary tablet designed for children, reports the Wall Street Journal. The Tabeo will be priced at $149.99 and available only at Toys "R" Us. Reference Link
News For AMZN;WMT;TGT From The Last 14 Days
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May 24, 2013
07:11 EDTAMZNGoogle seems to be copying Amazon's moves, WSJ reports
Google (GOOG) increasingly appears to be following Amazon.com’s (AMZN) lead. Last year, Amazon rolled out AmazonSupply, an e-commerce site featuring industrial goods, and Google followed suit this January, reports the Wall Street Journal.Reference Link
06:10 EDTAMZNOn the Fly: Periodicals Wrap-Up
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May 23, 2013
14:45 EDTTGTRetailers file new suit against card companies over swipe fees, Bloomberg says
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12:52 EDTAMZNGoogle cuts data storage prices
Google earlier today announced that it was reducing its Google App Engine data storage prices by up to 25%. Reference Link
11:59 EDTTGTRetailers file suit against Visa, MasterCard over credit cards, Bloomberg says
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10:38 EDTAMZNAmazon.com makes Kindle Fire HD tablets available in over 170 countries
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08:06 EDTTGTTarget positive catalysts still intact, says Wells Fargo
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07:13 EDTAMZNAmazon.com eBay to see little impact from sales tax reform, says Bernstein
After the Senate passed a bill that would force all online retailers to collect sales tax, Bernstein thinks the impact of such a law on Amazon's (AMZN) gross profits would be "immaterial," while the bill would reduce eBay's (EBAY) EPS by less than 1% in 2014 if it becomes law. The firm keeps Outperform ratings on both stocks.
May 22, 2013
16:25 EDTTGTOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35.
13:56 EDTAMZNAmazon.com to add 500 jobs in Web services unit, Washington Post says
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12:20 EDTTGTOn The Fly: Midday Wrap
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11:13 EDTTGTTarget continues to see EPS of $8 or more by 2017
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11:10 EDTTGTTarget lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
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11:08 EDTTGTTarget sees Q2 SSS 2%-3%
09:53 EDTTGTTarget slides following earnings, levels to watch
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09:07 EDTAMZNAmazon introduces 'Kindle Worlds' commercial publishing platform for fan fiction
Amazon Publishing announced Kindle Worlds, the first commercial publishing platform that will enable any writer to create fan fiction based on a range of original stories and characters and earn royalties for doing so. Amazon Publishing has secured licenses from Warner Bros. Television Group’s Alloy Entertainment division for its series Gossip Girl, Pretty Little Liars, and Vampire Diaries and plans to announce more licenses soon, the company said. Through these licenses, Kindle Worlds will allow any writer to publish authorized stories inspired by these Worlds and make them available for readers to purchase in the Kindle Store. Amazon Publishing will pay royalties to both the rights holders of the Worlds and the author.
08:59 EDTTGTOn The Fly: Pre-market Movers
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07:38 EDTTGTTarget says 'disappointed' in Q1 performance
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07:35 EDTTGTTarget lowers FY13 adjusted EPS view to $4.70-$4.90 from $4.85-$5.05
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07:33 EDTTGTTarget sees Q2 adjusted EPS $1.09-$1.19, consensus $1.06
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