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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:22 EDTAMZN, CSCOCisco plans to offer cloud computing services, WSJ reports
Cisco is planning to offer cloud computing service to corporate customers, in a move to enter a market led by Amazon (AMZN), the Wall Street Journal reports. The company is pledging to spend $1B in the next two years in the space. Reference Link
News For CSCO;AMZN From The Last 14 Days
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July 17, 2015
14:24 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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10:46 EDTAMZNBest Buy sinks after analyst says sell to avoid comp sales risk
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10:13 EDTAMZNAmbarella to get boost from drone demand, analyst says
Ambarella (AMBA) should benefit from stronger than expected demand for drones, which are "literally flying off the shelves" at Best Buy (BBY), research firm Pacific Crest wrote in a note to investors today. Ambarella develops processors used in high definition cameras, such as those often utilized by drones. WHAT'S NEW: After conducting checks, Pacific Crest analyst Brad Erickson wrote that sales of drones have been stronger than expected. Ambarella should benefit from that trend, as well as from the fact that demand for GoPro (GPRO) cameras, which utilize Ambarella's chips, has been steady, Erickson stated. Although initial demand for GoPro's new Session camera "appears lukewarm," its newer cameras should drive a significant increase in sales volume starting in GoPro's October quarter, according to Erickson, who said the popularity of GoPro's cameras should enable Ambarella's results to beat Street expectations. The analyst continues to recommend buying Ambarella's stock and kept a $123 price target on the shares. WHAT'S NOTABLE: In a note to investors yesterday, Piper Jaffray analyst Erinn Murphy wrote that GoPro's risk/reward ratio was favorable heading into the company's Q2 results. According to Murphy, the stock fell recently because money rotated out of the shares following the initial public offering of Fitbit (FIT) and Goldman Sachs' initiation of coverage of the stock with a Neutral rating. However, Amazon (AMZN) data shows that GoPro's cameras are selling well and Ambarella's Q2 results beat expectations, Murphy noted. As a result, she expects GoPro's Q2 results to exceed expectations when they are reported next week. Murphy reiterated a $68 price target and Overweight rating on GoPro shares. PRICE ACTION: In early trading, Ambarella rose 1.3% to $109.59, while GoPro added 0.5% to $55.53.
07:18 EDTAMZNApigee won;t be hurt by AWS API Gateway, says Pacific Crest
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07:05 EDTCSCOCisco management to meet with Deutsche Bank
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06:39 EDTAMZNAmazon Fresh close to launching in London, London Times reports
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06:13 EDTAMZNHulu considering ad-free option, WSJ reports
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July 16, 2015
16:00 EDTAMZNOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
12:30 EDTAMZNAmazon says Prime Day order growth 18% more than Black Friday 2014
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12:18 EDTAMZNAmazon's Prime Day sales exceed Black Friday sales, breaks record
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10:00 EDTAMZNAmazon says HBO NOW available on Fire Tablets
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09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
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08:26 EDTAMZNAmazon.com shares likely to rise after Q2 results, says Oppenheimer
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07:15 EDTCSCOCisco management to meet with Deutsche Bank
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July 15, 2015
16:28 EDTAMZNOn The Fly: Top stock stories for Wednesday
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15:27 EDTAMZNAmazon.com says Prime Day peak order rates already exceed 2014 Black Friday
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13:37 EDTAMZNAmazon's 'Prime Day' peak order rates surpass 2014's Black Friday, CNBC says
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13:29 EDTAMZNAmazon users complain about Prime Day troubles, CNBC reports
Amazon's Prime Day, a day full of savings for customers of Amazon's "Prime" status, has received negative feedback from users, who complained that the deals didn't match the hype, CNBC reports. High profile items such as Amazon's Fire TV Stick lasted only a couple of hours before the savings were fully claimed, and the waitlist for the device was filled soon after, leading to many frustrated customers complaining that they were intentionally misled, the report says. The company said it was part of a bigger plan to "stagger the deals to make sure the fun will last through tonight," Bloomberg reports, citing a company spokeswoman. Amazon experience problems dealing with its surge of customers heading to the site in the middle of the day, according to data from Catchpoint Systems. Reference Link
09:08 EDTAMZNAmazo Studios announces Spike Lee's Chi-Raq as Amazon original movie
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07:24 EDTCSCOCisco management to meet with Deutsche Bank
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