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July 28, 2014
06:51 EDTAMZNAmazon aims for 5 new India warehouses, Reuters says
Amazon's Indian division is poised to establish five new warehouses in the region, which will nearly double its storage capacity to 500K square feet, according to Reuters, citing a statement from the company's unit. The new facilities are set to be located in Delhi, Chennai, Jaipur, Ahmedabad and outside of Gurgaon. Reference Link
News For AMZN From The Last 14 Days
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January 29, 2016
17:12 EDTAMZNOn The Fly: Top stock stories for Friday
Stocks began the session in positive territory and remained there throughout the day. The early strength was attributed to the surprise cut in interest rates by the Bank of Japan that put the country in a negative interest rate scenario. The market gained strength throughout the day and put in gains of almost 2.5% in what was a broad based advance for the major averages. January closed out with two winning weeks, but the month was still a very bad one for stocks, as the S&P lost over 5% even after today's strong showing. ECONOMIC EVENTS: In the U.S., the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The Chicago PMI business barometer bounced to 55.6 in January, topping forecasts for a 45.3 reading. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast. In a surprise move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: Shares of Amazon (AMZN) declined 7.6% to $587 after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings after last night's closing bell, gained 5.8% to $55.09... Confirming a news report that broke late in the day yesterday, Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44. MAJOR MOVERS: Among the notable gainers was Axiall (AXLL), which jumped 83% to $17.94 after it came to light that the company received, and rejected, an unsolicited proposal from Westlake Chemical (WLK) offering to acquire the company for $20 per share in cash and stock. Also higher were Visa (V) and Mastercard (MA), which gained 7% and 6.4%, respectively, after reporting quarterly earnings. Among the notable losers was Gilead (GILD), which fell 5.5% to $82.70 after rival Merck (MRK) received FDA approval for its own hepatitis C drug. Also potentially weighing on Gilead shares was the fact that competitor AbbVie (ABBV) announced financial results for the fourth quarter, including sales of Viekira Pak, its own hep C treatment, that fell short of estimates. AbbVie fell 2.3% to $54.58 following its quarterly report. INDEXES: The Dow rose 396.66, or 2.47%, to 16,466.30, the Nasdaq gained 107.28, or 2.38%, to 4,613.95, and the S&P 500 added 46.88, or 2.48%, to 1,940.24.
16:00 EDTAMZNOptions Update; January 29, 2016
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13:52 EDTAMZNAmazon.com may help Covenant Transportation rise 50%, Barron's says
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13:43 EDTAMZNAmazon filing another clue on future Transportation & Logistics plan, says Baird
Baird analyst Colin Sebastian, who has forecast for some time that Amazon will eventually offer Transportation & Logistics services to third parties, noted that Amazon called itself a "transportation service provider" for the first time in a regulatory filing this morning and added this expense to its cost of sales. Sebastian keeps an Outperform rating and $710 price target on Amazon shares.
11:17 EDTAMZNStocks with call strike movement; AMZN AAL
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10:37 EDTAMZNVIX methodology for Amazon VXAZN down 26% to 37.33
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10:32 EDTAMZNAnalysts remain upbeat on Amazon in face of post-earnings selloff
The shares of Amazon (AMZN) are falling after the company's fourth quarter results came in below expectations. However, many analysts defended the stock, saying that the miss was caused by higher than expected shipping costs, while the company's outlook for operating margin expansion remains intact. RESULTS: Amazon last night reported Q4 earnings per share of $1.00, versus the consensus outlook of $1.56. The company's revenue came in slightly below expectations. The e-commerce giant said the number of consumers subscribing to its Prime service jumped 51% in 2015 versus the year earlier. ANALYST REACTION: Amazon's profit margin came in slightly below expectations because of the large jump in Prime adoption and higher than expected order rates, Piper Jaffray tech analyst Gene Munster wrote. Additionally, a higher than expected percentage of orders on Amazon were lodged with third party retailers, raising the company's fulfillment costs beyond the Street's outlook, Munster stated. However, Amazon said it continues to focus on productivity, and in the past this has been the company's way of saying that its margins are rising, the analyst wrote. As a result, he expects Amazon's margins to beat expectations this year. Munster kept an $800 price target and Overweight rating on the shares. According to Citi analyst Mark May, the decline in the stock in after-hours trading yesterday was overdone. The company's margins, excluding certain items, rose in Q4 versus the same period a year earlier, and the revenues generated by its cloud business jumped 69% year-over-year, May estimated. He continues to expect Amazon's EPS, excluding certain items, to increase to about $20 per share in 2020. May trimmed his price target on the shares to $780 from $785 but reiterated a Buy rating on the stock. Also upbeat on Amazon was Pacific crest analyst Edward Yruma. High fulfillment costs weighed on Amazon's profits, but its results indicate that the company is gaining share in both retail and the cloud, the analyst stated. Moreover, the weakness in the stock creates a good entry point for long-term investors, according to Yruma, who kept an $800 price target and Overweight rating on the shares. Also defending Amazon today were analysts at JPMorgan and RBC Capital. PRICE ACTION: In early trading, Amazon fell 9% to $578 per share.
10:10 EDTAMZNOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
09:48 EDTAMZNAmazon.com trades off session lows
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09:34 EDTAMZNActive equity options trading on open: AMZN MSFT FB AAPL GILD GE
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09:21 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 17.7%... Fortinet (FTNT), up 10%... Flextronics (FLEX), up 10%... Skyworks (SWKS), up 5.7%... Seagate Technology (STX), up 4.9%.. Microsoft (MSFT), up 4.6%. ALSO HIGHER: Inovio Pharmaceuticals (INO), up 8.1% after CEO says Zika vaccine could enter human testing this year... J.C. Penney (JCP), up 2.1% after being upgraded to Neutral from Underperform at Credit Suisse... BRF S.A. (BRFS), up 3.1% after being upgraded to Buy from Hold at Deutsche Bank... Axiall (AXLL), up 83.4% after rejecting $20 per share acquisition proposal from Westlake Chemical (WLK)... Energous (WATT), up 12% after Bloomberg reported that Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.1%... Electronic Arts (EA), down 6.2%... AbbVie (ABBV), down 4%... American Airlines (AAL), down 1.3%. ALSO LOWER: Gilead Sciences (GILD), down 5.5% after CEO John Martin to assume role of executive chairman and COO John Milligan will be promoted to CEO.
09:03 EDTAMZNAmazon.com weakness creates good entry point, says Pacific Crest
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08:53 EDTAMZNAmazon.com shares should be bought on weakness, says JMP Securities
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08:33 EDTAMZNAmazon.com weakness creates buying opportunity, says RBC Capital
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07:35 EDTAMZNJPMorgan ups Amazon target, says buy on the weakness
JPMorgan analyst Doug Anmuth admits that after four quarters of "big beats and clean results," Amazon.com's Q4 results last night were more mixed. The analyst, however, believes Amazon's "strong topline growth trajectory" in unchanged. He expects the company's margin expansion to continue. Anmuth raised his price target for the shares to $825 from $800 and reiterates an Overweight rating on the name. He recommends buying Amazon on today's selloff. The stock is down $62.35 to $573.00 in pre-market trading.
07:24 EDTAMZNAmazon.com outlook remains positive, says Oppenheimer
After Amazon.com reported lower than expected North American margins and the stock fell in after-hours trading, Oppenheimer blames the miss on seasonal Q4 factors. Consequentially, the firm does not expect a repeat performance this quarter. It says that pricing remains strong at AWS, and it remains upbeat on the company's outlook. Oppenheimer cut its price target on the name to $700 from $745 but keeps an Outperform rating on the shares.
06:50 EDTAMZNDeutsche says buy Amazon 'once the dust settles'
Deutsche Bank analyst Ross Sandler says the post-earnings pullback in shares of Amazon.com shares should create a "nice buying opportunity once the dust settles." He calls around $530 per share a "decent entry point" and notes the Q4 results did not change his long-term bullish thesis. Ross keeps a Buy rating on Amazon with an $800 price target.
06:40 EDTAMZNAmazon.com results better than selloff suggested, says Citi
Citi analyst Mark May says Amazon.com's Q4 results are better than the after-hours stock selloff suggested. May continues to see the business trending toward $20 per share in adjusted earnings per share in 2018. He lowered his price target for the stock to $780 from $785 and reiterates a Buy rating on Amazon.
06:29 EDTAMZNOptions expected to be active: AMZN EA MSFT EWJ FLEX SWKS GOOG GOOGL FB
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05:49 EDTAMZNAmazon.com selloff a buying opportunity, says Piper Jaffray
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