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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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January 15, 2015
12:13 EDTAMZNAmazon's Twitch unit to allow users to stream music
In a blog post Amazon.com's Twitch unit said it will allow users to stream music on its online gaming platform. The company said: "Today we’re announcing two important music initiatives: the Twitch Music Library and the beta Music category.The Twitch Music Library, is a library of songs pre-cleared for Twitch broadcasters to use live and with VODs. As you may recall, we implemented an audio recognition system last year out of respect for copyright holders and to protect both our broadcasters and our brand. We knew it was equally important to ensure broadcasters had music options. Thus, the Twitch Music Library was born to offer safe passage through the less-than-clear legal landscape when it comes to audio rights. The Twitch Music Library features more than 500 songs provided by established and burgeoning labels, including Mad Decent, Dim Mak, Spinnin’ Records, OWSLA, Monstercat, Fool’s Gold, and many more. We are also announcing an experiment with music content creators: our beta Music category. The Music category—listed among the game titles you can designate for a broadcast—is for musicians to use for creating, performing, and presenting original music." Reference Link
09:36 EDTAMZNActive equity options trading
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09:02 EDTAMZNAmazon says first pilot season of 2015 available on Instant Video
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08:30 EDTAMZNEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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January 14, 2015
16:00 EDTAMZNOptions Update; January 14, 2015
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12:43 EDTAMZNAmazon.com falls, levels to watch
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10:27 EDTAMZNFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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07:42 EDTAMZNEtsy looking to raise $300M with IPO as soon as this quarter, Bloomberg says
Etsy, which operates a website that allows people to sell handmade crafts, is working with Goldman Sachs (GS) and Morgan Stanley (MS) on an initial public offering that could come as soon as this quarter, said Bloomberg, citing people familiar with the matter. Etsy seeks to raise $300M via the offering, the report said. Publicly traded companies in the e-commerce space include Amazon.com (AMZN), eBay (EBAY), Alibaba (BABA) and zulily (ZU). Reference Link
07:13 EDTAMZNAmazon could buy controlling stake in Blue Dart, Economic Times reports
Amazon is said to be in preliminary talks to buy a controlling stake in Blue Dart, a courier and integrated express package distribution company, The Economic Times reports, citing sources. One source says Amazon could buy a 75% stake in Blue Dart held by DHL Express Singapore, though it was noted that talks are currently at an early stage. Reference Link
January 13, 2015
16:00 EDTAMZNOptions Update; January 13, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 34.42. Option volume leaders: AAPL JNJ CELG WFM TSLA TWTR AMZN GILD according to Track Data.
14:11 EDTAMZNAmazon.com climbs after Citi upgrades to buy
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10:30 EDTAMZNAmazon.com tests $300, levels to watch
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:01 EDTAMZNAmazon Studios signs Woody Allen to create television series
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07:28 EDTAMZNAmazon says created, filled over 6,000 permanent jobs across EU in 2014
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07:26 EDTAMZNAmazon.com survey suggests solid growth trends, says RW Baird
Baird said their recent inventory survey for Amazon.com suggests solid growth trends in selection and marketplace. The firm sees the selection as a key growth driver for Amazon retail. Baird reiterated its Outperform rating and $340 price target on Amazon shares.
06:16 EDTAMZNAmazon.com upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Amazon.com to Buy saying the risk/reward on shares is attractive below $300. Citi believes holiday data points look good for Amazon's Q4 results and that the retailer's gross margins will rise in 2015, reversing 2014's downward trend. The firm raised its price target for Amazon to $354 from $325 and thinks the stock has support around $300. Shares of the retailing giant closed yesterday down $5.52 to $291.41.
06:07 EDTAMZNAmazon sued for $25M by Durst Organization, Forbes reports
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January 12, 2015
16:00 EDTAMZNOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
09:04 EDTAMZNAmazon wins first Golden Globe for 'Transparent,' Business Insider reports
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