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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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December 15, 2014
15:05 EDTAMZNGoogle to step up challenge to Amazon with new shopping features, WSJ says
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11:16 EDTAMZNStocks with call strike movement; AMZN BABA
RT Options Scanner shows Amazon.com (AMZN) January 350 call option implied volatility increased 8% to 38, Alibaba (BABA) January 117 call option implied volatility increased 2% to 39 according to IVolatility.
09:38 EDTAMZNActive equity options trading
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06:29 EDTAMZNAmazon's German workers begin fresh three-day strike, Independent.ie reports
Workers at five of Amazon's nine distribution centers in Germany have started a fresh-three day strike to press the retailer for better pay and working conditions, The Independent.ie reports. Reference Link
December 12, 2014
16:00 EDTAMZNOptions Update; December 12, 2014
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07:30 EDTAMZNAmazon forced to remove app from Google Play store, TechCrunch reports
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06:16 EDTAMZNGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
December 11, 2014
16:01 EDTAMZNOptions Update; December 11, 2014
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December 10, 2014
08:17 EDTAMZNAmazon.com expected to outperform this holiday season, says Nomura
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06:34 EDTAMZNAmazon's publishing boss to leave company, Seattle Times reports
The boss of Amazon's publishing division is leaving after a little more than a year in the job, The Seattle Times reports, citing a confirmed statement from an Amazon spokeswoman. Daphne Durham was at the company for over 15 years. Mikyla Bruder will assume most of Durhamís responsibilities. Reference Link
06:18 EDTAMZNAmazon's Twitch to acquire GoodGame agency, terms not disclosed
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December 9, 2014
07:55 EDTAMZNAmazon.com continuing to gain share, says Pacific Crest
After conducting a consumer technology survey, Pacific Crest reports that 81% of respondents plan to shop at Amazon this holiday, while 31% plan to do most or nearly all of their online holiday shopping on the website. The firm thinks the company is continuing to gain share and it recommends buying the stock.
06:29 EDTAMZNAmazon warns of moving more drone research abroad, WSJ reports
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06:23 EDTAMZNAmazon.com testing faster deliveries through bikes, drones, WSJ reports
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06:16 EDTAMZNAmazon unveils 'Make an Offer' for customers to negotiate lower prices
Amazon.com has announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items. Expanding on Amazonís traditional fixed price model, the new pricing feature allows customers to offer to buy items at even lower prices. If agreed upon, customers can then purchase the items at a savings from the listed price. To start, more than 150,000 items from sellers on Amazon are enabled with the "Make an Offer" experience across Sports and Entertainment Collectibles, Collectible Coins and Fine Art. The new feature will expand to hundreds of thousands of items from sellers in 2015. The "Make an Offer" feature is not an auction format. All negotiations are 1:1 and private between individual customers and sellers. A seller is able to accept a customerís offer at any time. The intention is to lower prices, and a customer negotiating with a seller will never pay more than the listed price.
05:34 EDTAMZNChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
16:00 EDTAMZNOptions Update; December 8, 2014
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08:50 EDTAMZNAmazon increasing robot fulfilment use faster than expected, says Janney Capital
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06:30 EDTAMZNAmazon's German workers strike again, WSJ reports
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December 5, 2014
09:36 EDTAMZNActive equity options trading
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