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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 16, 2014
06:17 EDTAMZNAmazon testing handheld grocery ordering device, WSJ reports
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April 15, 2014
16:00 EDTAMZNOptions Update; April 15, 2014
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12:16 EDTAMZNAmazon.com pauses near session lows, levels to watch
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07:59 EDTAMZNAmazon exec hired away by Square, Re/code says
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06:53 EDTAMZNAmazon.com rejects bitcoin, doesn't rule out payment network, Re/code says
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April 14, 2014
09:36 EDTAMZNActive equity options trading on open
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06:45 EDTAMZNAmazon.com says Amazon Fire TV out of stock until April 21
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April 11, 2014
17:11 EDTAMZNAmazon.com plans to launch smartphone in 2H14, WSJ reports
According to sources, Amazon.com plans to launch a smartphone during the second half of 2014, with shipping likely to begin by the end of September, The Wall Street Journal reports. Reference Link
16:57 EDTAMZNAmazon.com plans to launch smartphone in 2H14, Dow Jones reports
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12:44 EDTAMZNHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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12:04 EDTAMZNStocks with call strike movement; AMZN GILD
Amazon.com (AMZN) May 380 call option implied volatility decreased 3% to 43, Gilead (GILD) August 77 call option implied volatility decreased 15% to 45 according to IVolatility.
09:37 EDTAMZNActive equity options trading on open
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08:56 EDTAMZNAmazon CEO says more than 1M subscribers joined Prime in 3rd week of Dec. alone
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06:31 EDTAMZNAmazon.com May volatility elevated into Q1 and profit outlook
Amazon.com April call option implied volatility is at 39, May weekly is at 59, May is at 48, June is at 37; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on late April 24.
06:04 EDTAMZNAmazon.com implied volatility of 50 at upper end of index mean range
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April 10, 2014
16:03 EDTAMZNAmazon to acquire digital comic book company comiXology
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16:00 EDTAMZNOptions Update; April 10, 2014
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14:24 EDTAMZNAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
12:18 EDTAMZNAmazon CEO confirms plans to expand Amazon Fresh offering, Re/code reports
Amazon CEO Jeff Bezos has confirmed that the company is planning to expand Amazon Fresh beyond its current three markets, Re/code reports, citing the CEO's 2013 letter to shareholders. He commented that "We’ll continue our methodical approach – measuring and refining Amazon Fresh – with the goal of bringing this incredible service to more cities over time." Bezos also commented on drones, saying "The Prime Air team is already flight testing our 5th and 6th generation aerial vehicles and we are in the design phase on generations 7 and 8." Reference Link
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
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