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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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March 23, 2015
08:53 EDTAMZNAmazon VP and General Manager of Payments departs, TechCrunch says
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08:13 EDTAMZNPendrell unit: Court rejects attempts to limit scope of DRM patents
ContentGuard Holdings, a subsidiary of Pendrell Corporation (PCO), announced that on Friday, March 20, Judge J. Rodney Gilstrap of the U.S. District Court for the Eastern District of Texas issued a 144 page Claim Construction Order in lawsuits ContentGuard filed against several companies who continue to use its patented Digital Rights Management solutions without a license, including Apple (AAPL), Amazon.com (AMZN), DirecTV (DTV), Google (GOOG), HTC, Huawei, Motorola Mobility and Samsung Electronics (SSNLF). In his order, Judge Gilstrap interpreted the language in ContentGuard’s patents in a manner that fully preserves the breadth of ContentGuard’s patented Digital Rights Management technologies. These technologies were developed to enable the distribution of digital media over the Internet and other networks, including cellular and satellite networks, and provide innovative solutions to problems that were once thought to be unsolvable. “We are very pleased with the Court’s ruling,” commented James Baker, ContentGuard’s Vice President for Licensing and Strategic Development. “We believe these claim constructions demonstrate that the online stores defendants provide for buying and renting DRM-protected movies, videos, books, and music and devices that play, run, display or print this DRM-protected content infringe ContentGuard’s pioneering DRM patents.”
05:55 EDTAMZNStocks with implied volatility movement; AMZN CELG
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March 20, 2015
09:45 EDTAMZNActive equity options trading on open
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March 19, 2015
16:31 EDTAMZNAmazon Logistics UAS gets experimental airworthiness certificate
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05:53 EDTAMZNAmazon plans to shut down Shopify rival Amazon Webstore, Re/code reports
Amazon is planning to shut down Amazon Webstore, its competitor to Shopify and Bigcommerce, Re/code reports, citing sources. The company will allow its Webstore customers over a year to find a new vendor before the service is fully shut down, the sources say. Reference Link
05:30 EDTAMZNAmazon.com expands Prime Now delivery to Baltimore and Miami
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March 17, 2015
14:55 EDTAMZNVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTAMZNVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link
11:23 EDTAMZNApple willing to share TV data to attract programming partners, NY Post reports
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09:07 EDTAMZNDISH's Sling TV launches on Xbox One
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09:05 EDTAMZNMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAMZNBoeing may produce satellite for tech giants, Reuters says
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March 16, 2015
16:00 EDTAMZNOptions Update; March 16, 2015
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10:44 EDTAMZNNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 13, 2015
17:11 EDTAMZNSony Pictures TV nears streaming video deal for Seinfeld, WSJ reports
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16:01 EDTAMZNOptions Update; March 13, 2015
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10:34 EDTAMZNApple joins data center group with Facebook, Microsoft, The Information says
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09:50 EDTAMZNActive equity options trading on open
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06:03 EDTAMZNStocks with implied volatility below IV index mean; AMZN QCOM
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