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Stock Market & Financial Investment News

News Breaks
November 13, 2012
06:20 EDTAMZN, GWWAmazon still threat to Grainger, but little impact yet, says Citigroup
Citigroup's purchasing manager survey indicated that few managers at this time are diverting purchasing away from traditional distributors like Grainger (GWW) to AmazonSupply. However, Citi continues to view Amazon's (AMZN) presence as a longer term threat to Grainger and keeps a Sell rating on the stock.
News For GWW;AMZN From The Last 14 Days
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August 25, 2015
10:10 EDTAMZNAmazon.com fades from earlier highs, levels to watch
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09:13 EDTAMZNTrends still positive for Google, Amazon, Facebook ahead of holidays, says Baird
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09:03 EDTAMZNAmazon says Prime Now launches in Seattle
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August 24, 2015
18:19 EDTAMZNAmazon hardware executive takes job at Google, Re/code says
Jon McCormack, CTO of Amazon's (AMZN) Devices unit, has left the company for the second time in one year to work in Google's (GOOG) Advanced Technologies and Products, or ATAP, arm, Re/code reported earlier. The report adds that one of ATAP's projects is the modular smartphone concept "Ara," which recently targeted a 2016 U.S. launch. Reference Link
18:02 EDTAMZNS&P 500 enters correction territory amid global growth concerns
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14:52 EDTAMZNAmazon.com fades, levels to watch
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10:58 EDTAMZNStocks with call strike movement; AMZN TWTR
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10:02 EDTAMZNAmazon.com levels to watch
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09:45 EDTGWWOn The Fly: Analyst Downgrade Summary
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07:00 EDTGWWGrainger downgraded to Neutral from Outperform at Baird
Baird downgraded Grainer to Neutral from Overweight as U.S. economic trends are progressively later-cycle, raising overall risk profiles for distributors with industrial exposure. Baird lowered its price target to $240 from $258 on Grainger shares.
06:34 EDTAMZNIntel leads $100M funding round for Mirantis, WSJ reports
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06:27 EDTAMZNRoku tops Google in streaming media device sales, Parks Associates says
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06:08 EDTAMZNAmazon keeps pushing back Prime Fresh trial end date, Re/code reports
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August 23, 2015
18:44 EDTAMZNACLU offers legal representation to Amazon employees
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August 21, 2015
16:34 EDTAMZNMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
16:01 EDTAMZNOptions Update; August 21, 2015
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13:50 EDTAMZNOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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11:38 EDTAMZNAmazon.com heads back toward session lows
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11:13 EDTAMZNStocks with call strike movement; AMZN TWTR
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11:12 EDTAMZNQualcomm reportedly to enter consumer drone market
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