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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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September 10, 2014
09:38 EDTAMZNActive equity options trading on open
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08:02 EDTAMZNTrex launches Outdoor Lighting on Amazon.com
Trex (TREX) has officially entered the e-commerce marketplace with the launch of its high-performance Trex Outdoor Lighting collection on Amazon.com (AMZN). The first product line to be sold by Trex online, Trex Outdoor Lighting will join other Trex-branded products currently available on Amazon through Trex licensees, including Trex Outdoor Furniture, Trex RainEscape and Trex Pergola.
06:24 EDTAMZNAmazon to debut Fire Phone in U.K.
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September 9, 2014
16:00 EDTAMZNiPath S&P 500 VIX Short-Term Futures up 74c to 28.25
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15:05 EDTAMZNAmazon.com falls to session lows, levels to watch
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10:18 EDTAMZNBarnes & Noble says won't launch new bn.com in time for holiday season
Says "extremely happy" with Retail's Q1 performance, sees moderation of physical booksales decline. Says sees sales lift due to dispute between Amazon (AMZN) and Hachette. Regarding the launch of bn.com says making progress on development, but completion taking longer than expected. The company plans to launch the new site later this FY, but not in time for holiday season. Comments made on the Q1 earnings conference call.
September 8, 2014
16:00 EDTAMZNOptions Update; September 8, 2014
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11:12 EDTAMZNAmazon offering Fire Phone for 99c with two-year contract
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07:35 EDTAMZNAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
September 7, 2014
14:29 EDTAMZNAmazon.com secures $2B credit arrangement
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September 5, 2014
16:01 EDTAMZNOptions Update; September 5, 2014
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13:13 EDTAMZNAmazon India unit examined by regulators, WSJ says
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06:29 EDTAMZNAmazon, USPS launch grocery delivery service in San Francisco, WSJ reports
Amazon and the U.S. Postal Service have launched a grocery-delivery experiment in San Francisco, the Wall Street Journal reports. Amazon and USPS are already partners in Sunday deliveries, the publication notes. The Postal Service says it is testing AmazonFresh deliveries "to determine if delivering groceries to residential and business addresses would be feasible from an operations standpoint and could be financially beneficial for the organization." Reference Link]:[http://online.wsj.com/articles/u-s-mail-to-deliver-amazon-groceries-in-san-francisco-1409854499?mod=rss_Technology]
September 4, 2014
16:00 EDTAMZNOptions Update; September 4, 2014
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09:35 EDTAMZNActive equity options trading on open
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07:52 EDTAMZNAmazon.com well-positioned to beat 2015 profit expectations, says Bernstein
Bernstein expects Amazon.com's 2015 profits and margins to beat expectations, driven by batter than expected category mix shift and greater scale. The firm raised its price target on the stock to $450 from $360 and keeps an Outperform rating on the shares.
06:22 EDTAMZNeBay to meet PayPal estimates despite competition, says Piper Jaffray
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September 3, 2014
13:50 EDTAMZNAmazon.com slips lower, levels to watch
The shares are down over 1% to $338.94. At that price next support is at $337.55, the session low. Resistance is at $340, an intraday pivot high.
08:31 EDTAMZNAmazon CFO Thomas Szkutak to retire in June 2015
Amazon.com announced that Thomas J. Szkutak, Senior Vice President and CFO, will retire from the company in June 2015. Szkutak has been Amazon’s CFO since joining the company in October 2002 and oversees the controller, treasury, investor relations, tax, internal audit and facilities functions as well as financial management of the company’s business units. Brian T. Olsavsky, Vice President of Finance for the company’s global consumer business, will succeed Szkutak as CFO, reporting to Jeffrey P. Bezos, founder and CEO of Amazon. Szkutak and Olsavsky will work together to conduct a seamless transition of CFO responsibilities over the next 10 months.
September 2, 2014
06:34 EDTAMZNApple cuts iPad mini prices as non-Apple vendors may follow, DigiTimes says
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