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Stock Market & Financial Investment News

News For BAC;CLF;C;DELL;AMZN;INTC;HPQ From The Last 14 Days
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February 8, 2016
06:43 EDTBACAllianz, Bank of America plan to invest in onshore wind parks, Reuters says
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06:31 EDTBAC, CNorway's oil fund tells U.S. banks to split CEO-chairman positions, FT says
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February 7, 2016
19:51 EDTAMZNAmazon food delivery app to take steep cut from restaurants, NY Post says
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16:25 EDTAMZNAmazon rolls out 'treasure truck' in Seattle area
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14:05 EDTCLFCliffs Natural reaches Bloom Lake settlements, will adopt governance changes
Cliffs Natural Resources announced it has reached agreements in principle to settle both the putative federal securities class action pending in the District Court for the Northern District of Ohio, and the combined shareholder derivative actions pending in the Court of Common Pleas of Cuyahoga County, Ohio. The lawsuits were based, among other things, on the alleged dissemination of false or misleading information by the previous management and previous board of directors regarding the company's former Bloom Lake mine in Canada. The settlements are subject to court approval, and will have "no impact" on the company's financial position or operations, Cliffs noted. The agreement in the securities action provides for a settlement payment to the class of $84M, the totality of which will be paid by the company's third party insurance carriers. Under the terms of the settlement for the derivative actions, the company has agreed to adopt a number of changes to its corporate governance policies, protocols and practices. In addition, the company's insurance carriers will pay $775,000 for plaintiff's attorneys' fees and costs.
13:12 EDTAMZNAmazon valuation beginning to look reasonable, Barron's says
Shares of Amazon look "more tempting" after their recent declines, and their new price looks "almost reasonable," Barron's contends in its 'Follow Up' column. Though still richly valued, what matters is how much the company "could earn" once CEO Jeff Bezos "turns up the profit dial," the publication notes. Reference Link
February 5, 2016
15:59 EDTAMZN, BACOptions Update; February 5, 2016
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10:33 EDTAMZNAmazon.com hits post-earnings low
The shares were last at $509.57, at a post-earnings low. Next support is at $499. Resistance is at $512.47.
09:37 EDTBACActive equity options trading on open
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07:31 EDTAMZNGrubHub downgraded on competition concerns at Oppenheimer
Oppenheimer analyst Jason Helfstein downgraded GrubHub (GRUB) to Perform from Outperform saying he's increasingly concerned that competition from Amazon.com (AMZN) and Uber in New York will cut into the company's sales and profitability. The analyst sees downside risk to the stock despite the recent selloff and thinks a takeover is unlikely in the near term. Helfstein suspended his $30 price target for the shares. The online platform for restaurant pick-up and delivery orders closed yesterday up 13% to $21.53 following its Q4 results.
06:58 EDTAMZNAmazon offers free Square credit card readers to business owners, Re/code says
Amazon (AMZN) is offering to give free Square (SQ) credit card readers to business owners who previously purchased an Amazon Local Register, Re/code reports. The move comes a few months after Amazon said it was discontinuing this payment processing service on February 1, the report says. Reference Link
06:49 EDTAMZNApple, Amazon, Google, Verizon in mix to bid for NFL stream rights, Variety says
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06:42 EDTCLFCliffs Natural solvency concerns mounting, says Deutsche Bank
Deutsche Bank analyst Jorge Beristain says that while successful execution of the recently announced debt exchange offer could bring a short-term catalyst for shares of Cliffs Natural, it may not alter medium-term solvency concerns. Post the company's Q4 results, the analyst cut his price target for the shares to $1.00 from $1.50 on lower iron ore realizations. He believes solvency concerns are mounting and reiterates a Sell rating on Cliffs.
February 4, 2016
15:59 EDTBACOptions Update; February 4, 2016
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15:21 EDTAMZNAmazon renews card agreement with JPMorgan, WSJ says
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14:36 EDTAMZNAmazon renews co-brand credit card pact with JPMorgan, Dow Jones says
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11:33 EDTINTCSamsung postpones investment in Xi'an semi plant, BusinessKorea says
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10:25 EDTAMZN, INTC$25B cloud boost seen coming for Amazon, Microsoft, Google
Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL, GOOG) are all poised to get huge boosts from their cloud businesses over the next three years, research firm Pacific Crest wrote in a note to investors today. The combined revenue from their cloud initiatives should surge $25B over the next three years as companies move more workloads to the cloud from legacy IT systems, the firm believes. NEXT MAJOR CLOUD CYCLE: The revenue of Amazon's cloud business, AWS, could triple to $25B by 2018, according to Pacific Crest analyst Evan Wilson. Moreover, by 2018, AWS could account for 14% of the company's revenue and over 50% of its profits, up from 7% and 41%, respectively, today, the analyst predicts. Meanwhile, within three years, Microsoft's revenue from its commercial cloud business could jump 50% to $25B, the analyst stated. By 2018, the business could account for almost 25% of the tech giant's revenue and 15% of its profits, up from 15% of its revenue and very little of its profit today, the analyst added. Google's revenue from infrastructure as a service, a form of cloud computing, can surge 500% over the next three years to about $4.5B, Wilson believes. Additionally, noting that AWS' incremental operating margin came in at 51.9% last quarter, Wilson believes that investors are underestimating the profitability of cloud businesses. The analyst maintained an $800 price target and Overweight rating on Amazon, a $65 price target and Overweight rating on Microsoft, and a $910 price target and Overweight rating on Alphabet. WHAT'S NOTABLE: Intel (INTC), along with hard disk drive maker Western Digital (WDC) and Arista Networks (ANET), which supplies cloud networking solutions, should all benefit from the tremendous growth in demand for cloud platforms, Wilson believes. He kept Overweight ratings on all three of the latter stocks. Conversely, Wilson identifies EMC (EMC), HP Enterprise (HPE) and NetApp (NTAP) as "cloud share donors" and keeps Sector Weight ratings on their shares. PRICE ACTION: In early trading, Amazon fell 1% to $525.80, Microsoft was flat near $52 per share and Alphabet Class A shares dropped 1.8% to $736.15.
10:10 EDTAMZNOptions with decreasing implied volatility
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10:01 EDTBACActive puts: SPY QQQ EEM PFE
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