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Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:33 EDTAMZNAmazon sinks after greater than expected losses, several downgrades
Shares of e-commerce giant Amazon (AMZN) are falling after the company 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. WHAT'S NEW: Amazon reported a Q2 per share loss of (27c), compared with analysts' consensus outlook for losses per share of (15c). The company provided third quarter revenue guidance of $19.7B-$21.5B, versus the consensus outlook of $20.8B. The e-commerce giant's operating margin came in at (0.1%), down from 0.7% during the previous quarter. Amazon noted that it had significantly cut prices on its cloud offerings and had launched many new initiatives. ANALYST REACTION: In notes to investors earlier today, CRT Capital downgraded Amazon.com to Fair Value from Buy, while B. Riley lowered its rating on the stock to Neutral from Buy and Raymond James downgraded the stock to Market Perform from Outperform. JPMorgan analyst Doug Anmuth responded to the news by cutting his price target on the stock to $340 from $350. The company's operating income guidance indicates that its margins will decline significantly as it makes additional investments in several areas, the analyst believes. He predicted that the stock would drop in the near-term and kept a Neutral rating on the shares. Similarly, Citigroup cut its price target on the shares to $358 from $395. Amazon's Q3 margin guidance was worse than expected and the company's increased investments will make it difficult for the stock to outperform. The firm kept a Neutral rating on the shares. More upbeat on the stock was Cantor Fitzgerald analyst Youssef Squali, who wrote that Amazon's results were "generally good." The company's core retail North American business is continuing to improve significantly, Squali believes. Given this trend and the company's large global opportunity, its investments are justified, the analyst contended. He trimmed his price target on the shares to $400 from $425 but kept a Buy rating on the stock. PRICE ACTION: In early trading, Amazon fell 11.3% to $318.14.
News For AMZN From The Last 14 Days
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August 21, 2015
11:13 EDTAMZNStocks with call strike movement; AMZN TWTR
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11:12 EDTAMZNQualcomm reportedly to enter consumer drone market
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August 20, 2015
18:59 EDTAMZNGoogle, Amazon, private equity compete for Indian data center unit, ET says
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18:20 EDTAMZNAuthors Group urges DOJ probe of Amazon.com, WSJ reports
Authors United group is urging the DOJ to launch an investigation into Amazon.com, claiming the company has "unprecedented power" over the book publishing market, the Wall Street Journal reports. Reference Link
16:33 EDTAMZNAmazon.com to open fifth Texas fulfillment center in San Marcos
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13:18 EDTAMZNAmazon.com falls, levels to watch
The shares are down 2.8% at time of writing to $517.99. The last established support level before the large bullish gap from last earnings is at $513.06. If that level is taken out on the downside, a gam fill will begin. And the chart will be left with a blow-off top formation. Resistance is at $522.62.
12:56 EDTAMZNSmall drones bringing air traffic problems in U.S., Washington Post reports
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06:05 EDTAMZNAmazon Web Services to open data support center in London, Financial Times says
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05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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August 18, 2015
18:06 EDTAMZNAmazon tests 'Flex' package pickup service, GeekWire says
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16:00 EDTAMZNAmazon workplace policies making U.K. staff physically ill, Guardian says
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06:39 EDTAMZNUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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August 17, 2015
16:53 EDTAMZNOn The Fly: Top stock stories for Monday
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11:10 EDTAMZNAmazon's Jay Carney defends company, CBS News reports
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09:56 EDTAMZNLiberty Interactive CEO says to stay 'far away' from Amazon's business model
06:21 EDTAMZNAmazon's Bezos "doesn't recognize" NYT's Amazon, Re/code reports
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06:13 EDTAMZNAmazon's uses harsh workplace practices to reach creative goals, NYT says
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06:09 EDTAMZNAmazon CEO hails U.K.'s approach to drones, FT reports
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August 14, 2015
16:00 EDTAMZNOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
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