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Stock Market & Financial Investment News

News For GOOG;AMZN From The Last 14 Days
Check below for free stories on GOOG;AMZN the last two weeks.
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July 28, 2014
07:40 EDTGOOG, AMZNAmazon could see new cloud competition on many fronts, WSJ says
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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
05:58 EDTGOOGApple nears deal to buy Swell radio app for $30M, Re/code reports
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July 27, 2014
18:57 EDTGOOG, AMZNAmazon's cloud computing unit AWS faces more rivals, WSJ says
Amazon.com's (AMZN) cloud computing unit AWS has been competing with Google (GOOG) and Microsoft (MSFT) but more company's have launched offerings in the space including Verizon (VZ), Cisco Systems (CSCO), International Business Machines (IBM) and VMware (VMW), which may threaten the profitability plans that Amazon has for AWS, says the Wall Street Journal. Reference Link
15:38 EDTAMZNApple acquires book analytic startup BookLamp, TechCrunch says
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July 25, 2014
18:20 EDTAMZNAmazon.com shares likely range bound as costs escalate, Barron's reports
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16:49 EDTAMZNS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
16:18 EDTAMZNOn The Fly: Closing Wrap
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16:02 EDTAMZN, GOOGOptions Update; July 25, 2014
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12:51 EDTAMZNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendarís sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant 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... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
12:49 EDTGOOGYouTube could name music subscription service 'MusicKey,' GigaOM reports
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10:33 EDTAMZNAmazon sinks after greater than expected losses, several downgrades
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10:02 EDTAMZNOn The Fly: Analyst Downgrade Summary
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09:37 EDTAMZNActive equity options trading on open
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09:25 EDTAMZNOn The Fly: Pre-market Movers
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09:19 EDTAMZNAmazon.com price target lowered to $415 from $455 at Oppenheimer
Oppenheimer cut its target on Amazon after the company reported lower than expected EPS and its customer growth rate slowed. The firm keeps an Outperform rating.
07:54 EDTAMZNAmazon.com downgraded to Market Perform from Outperform at Raymond James
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07:47 EDTGOOGGoogle X project to gather 'baseline' of healthy human, WSJ says
Google X, the search giant's research arm, is undertaking "Baseline Study," an ambitious project to collect genetic and molecular information first from 175 people, and later from thousands more, to amass a much larger and broader set of new data on what a healthy human being should be than is currently available or being gathered by other mass studies, said The Wall Street Journal. Reference Link
07:39 EDTAMZNAmazon price target lowered to $400 from $410 at RW Baird
Baird called Amazon's Q2 earnings report "solid" but lowered its price target on the stock to $400 from $410 citing the company's margin compression and Q3 guidance. The firm, which also noted the stabilization of paid unit growth and healthy usage trends, keeps its Outperform rating on the stock.
07:01 EDTAMZNAmazon.com results 'generally good,' says Cantor
Cantor believes that Amazon enjoyed sustained momentum in North America last quarter. Although AWS price cuts and investments are pressuring Amazon's profits, Cantor thinks the company's investments are justified, given what it sees as improving North America retail trends and large global opportunity. The firm trimmed its price target on the shares to $400 from $425 but keeps a Buy rating.
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