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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:51 EDTAMZNAmazon falls after results, guidance trail estimates
Shares of on-line retailer Amazon.com (AMZN) are sharply lower after the company’s fourth quarter results and first quarter guidance fell short of analysts’ expectations. WHAT'S NEW: Last night, Amazon reported Q4 EPS of 51c and revenue of $25.59B, both of which trailed expectations of 66c and $26.06B, respectively. The company forecast Q1 operating income of ($200M)-$200M, compared to consensus 54c. The mid-point of its Q1 revenue guidance of $18.2B-$19.9B fell short of expectations of $19.67B. On the company’s earnings conference call, it said it was considering a $20-$40 increase in its Prime membership fee, which is currently $79 per year. ANALYST REACTION: This morning analyst commentary was mostly positive. Four separate research firms all raised their respective price targets on Amazon following its Q4 results, with Benchmark Co. in particular bumping its price target for Amazon's stock to $500 from $400 per share. Another firm, Topeka, lowered its price target on the shares to $450 from $485 based on slightly lower estimates following Amazon’s revenue miss. The firm said the company reported a good quarter overall and maintained its Buy rating on the shares. Piper Jaffray said the positives for Amazon, namely market share gains and the upcoming increase in Prime pricing, outweigh the weaker unit growth and revenue miss in the company's Q4 results. Piper reiterated an Overweight rating on the stock with a $420 price target. PRICE ACTION: In morning trading, Amazon fell over $35 per share, or about 8.8%, to $367.52 on heavy trading volume. Even with today's pullback, the shares up approximately 40% over the past twelve months.
News For AMZN From The Last 14 Days
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April 10, 2015
09:11 EDTAMZNCleveland Research sees modest Q1 CSOI upside for Amazon.com
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09:01 EDTAMZNAmazon says High Dynamic Range coming to Prime Instant Video this year
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06:23 EDTAMZNAmazon begins suing websites providing fake product reviews, BI reports
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06:15 EDTAMZNAmazon receives FAA approval for new drone tests, Reuters reports
Amazon has won the approval from the FAA to test new delivery drone outdoors, reports Reuters. The FAA granted the company request to test delivery drones in a letter dated Wednesday on the agency's website. According to the letter, Amazon must keep flights at an altitud no more than 400 feet and no faster than 100 miles per hour. Reference Link
April 9, 2015
14:36 EDTAMZNAmazon announces AWS Marketplace for Desktop Apps
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13:28 EDTAMZNAmazon gets Spike Lee movie ‘Chiraq,' the Wrap says
Director Spike Lee is making his next movie "Chiraq" for Amazon Studios, says the Wrap. Lee is said to be courting actors Samuel L. Jackson, Jeremy Piven, Common and Kanye West for the ensemble cast of “Chiraq,” added the Wrap. Reference Link
12:05 EDTAMZNStocks with call strike movement; HLT AMZN
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09:36 EDTAMZNActive equity options trading on open
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08:00 EDTAMZNPitney Bowes, AWS team to enable commerce with cloud solutions
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06:03 EDTAMZNAmazon.com announced that Prime Now launches in Austin
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05:56 EDTAMZNAmazon, Flipkart eye 49% stake in FSCS, Times of India reports
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April 8, 2015
16:01 EDTAMZNActionable Options for Wednesday, April, 8
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06:02 EDTAMZNGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
05:55 EDTAMZNStocks with implied volatility above IV index mean; LNKD AMZN
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April 7, 2015
09:35 EDTAMZNActive equity options trading on open
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07:09 EDTAMZNAmazon licenses technology from Crytek, sources say, Kotaku reports
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April 6, 2015
16:00 EDTAMZNOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
09:25 EDTAMZNeBay threatened by merchant satisfaction with Amazon, Bloomberg says
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06:00 EDTAMZNIndian railways may tie up with Amazon for parcels, Economic Times says
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April 5, 2015
16:56 EDTAMZNEU considers major probe into Internet platforms, WSJ says
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