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Stock Market & Financial Investment News

News For IBM;ADBE;BBY;WMT;AMZN;TGT;SHLD;NILE;JCP From The Last 14 Days
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January 29, 2015
16:00 EDTAMZNOptions Update; January 29, 2015
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15:37 EDTAMZNNotable companies reporting after market close
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14:52 EDTAMZNAmazon.com January weekly 307 straddle priced for 7.5% movement into Q4
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13:17 EDTAMZNEarnings Preview: Amazon sees Q4 revenue $27.3B-$30.3B
Amazon.com (AMZN) is expected to report fourth quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of 17c on revenue of $29.67B. The consensus range is (41c)-56c for EPS, and $28.83B-$30.24B for revenue, according to First Call. LAST QUARTER: Amazon.com reported third quarter EPS of (96c) against estimates of (74c), on revenue of $20.58B against estimates of $20.84B. The company gave Q4 revenue guidance of $27.3B-$30.3B and Q4 operating income guidance of ($570M)-$430M, compared to $510M in the year-ago period. Amazon also reported Q3 operating cash flow up 15% to $5.71B. During its Q3 earnings conference call, Amazon reported Q3 active customer accounts exceeded 260M and said it viewed international as a "big opportunity" for growth. The company also said it was seeing "great growth" in Prime and noted that it was not planning to change the price. NEWS: During the quarter, Amazon's Audible unit acquired online comedy service Rooftop Media for an undisclosed amount and its Twitch platform acquired GoodGame; Amazon also acquired Annapurna Labs, an Israeli startup. The company said it plans to create more than 1,000 full-time jobs with a $75M in investment in Illinois. China Daily said Amazon would enable Chinese consumers to shop on its overseas websites and The Globe and Mail said Amazon would offer same-day shipping in Canada. During the fall, Amazon experimented with utilizing taxi cab services as a delivery method throughout San Francisco and Los Angeles using the mobile app Flywheel, according to The Wall Street Journal. Amazon's Fire TV Stick started shipping in November for $39 and outfitted several U.S. warehouses with wheeled robots that move stocked shelves to workers and are expected to speed delivery. Amazon Chief Executive Officer Jeff Bezos told Business Insider CEO Henry Blodget that the company has a succession plan in place. Amazon also announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items and The Wall Street Journal said the company was practicing one-hour deliveries with bike messengers in New York City. European regulators said Amazon's tax arrangements in Luxembourg could give the company an illegal advantage over competitors and that the method Luxembourg used to calculate taxes payable by Amazon did not comply with international guidelines.U.S. technology giants like Amazon, Google (GOOG), Facebook (FB), Microsoft (MSFT) and others are "very worried" about the backlash they are now facing in Europe and U.S. companies may now remove services in some European countries because it isnít worth the trouble and cost to cater to local laws in some of those countries, said The Wall Street Journal. Scott Wapner of CNBC stated on Twitter that sources tell him that Carl Icahn has "no stake at all" in Amazon, which had moved higher earlier amid rumors of Icahn getting involved in the stock. Most recently, Amazon said its Amazon Studios unit will begin to produce and acquire original movies for theatrical release and early window distribution on Amazon Prime Instant Video. The company also discontinued its Amazon Elements line of diapers after less than two months. Additionally, Amazon announced Amazon WorkMail, an email and calendar service. STREET RESEARCH: Robert W. Baird believes Amazon WorkMail could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon. Piper Jaffray, which has an Overweight rating and $400 price target on the stock, believes Amazon.com shares are pricing in a soft margin outlook ahead of the company's December quarter results. Piper says that while it is unsure about near-term margins, it thinks any upside would be rewarded disproportionately. It also thinks the market is already expecting 2015 revenue to come down by 1%-2% due to currency moves. JPMorgan keeps a Neutral rating on Amazon.com ahead of the company's Q4 results but says it is "warming up" to the stock. The firm believes Prime subscriber growth has been strong worldwide and raised its price target for shares to $323 from $307. PRICE ACTION: Amazon.com shares have increased over 3.7% over the last three months. In Thursday trading ahead of the Q4 report, Amazon.com shares are up fractionally.
12:33 EDTAMZNAmazon.com technical notes ahead of earnings
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11:03 EDTIBMIBM calls active on renewed activist investor speculation
IBM January weekly 150 and 152 calls are active on total call volume of 15K contracts (7K puts) on renewed activist investor speculation. January weekly call option implied volatility is at 31, February weekly is at 29, February is at 20, March is at 19; compared to its 26-week average of 20 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:57 EDTIBMRumor: IBM moves up on renewed activist investor speculation
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09:02 EDTAMZNAmazon.com adds comedy Catastrophe to original series line-up
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07:50 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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07:47 EDTIBMIBM union reports layoffs have begun, Business Insider says
IBM union Alliance@IBM is reporting layoffs around the country from various business units, reports Business Insider, citing the union's national coordinator Lee Conrad. IBM is not issuing official reports so all information is volunteered from current and former employees, one of whom believes that "This is strategic outsourcing." IBM stated it has 15,000 open positions while layoffs should hover in the 10,000 range, hinting at net employee growth. Reference Link
07:27 EDTIBMU.S. groups ask China to re-examine new cybersecurity rules, WSJ reports
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January 28, 2015
16:46 EDTAMZNAmazon.com announces Amazon WorkMail
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16:00 EDTAMZNOptions Update; January 28, 2015
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14:55 EDTAMZNAmazon.com WorkMail could lead to $10B+ opportunity, says RW Baird
After multiple news outlets reported that Amazon would announce a new enterprise e-mail and calendar solution called WorkMail, Robert W. Baird believes the product could lead to software-as-a-service solutions that could produce $10B + in revenue for Amazon. The firm keeps a $340 price target and Outperform rating on Amazon.
13:51 EDTAMZNAmazon.com will launch WorkMail, an email and calendar service, WSJ reports
Amazon (AMZN) plans to launch WorkMail, an email and electronic calendar service, hoping to compete against Microsoft (MSFT) and Google (GOOG) in the corporate-email marketplace, Wall Street Journal reports. The company hopes that its sales pitch of "simplicity and security" will pull customers in. Reference Link
11:21 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
Amazon.com January weekly call option implied volatility is at 131, February is at 48, March is at 41; compared to its 26-week average of 34 according to Track Data, suggesting larger near term price movement in the expected release of Q4 results on January 29.
11:03 EDTSHLDSears reduces headcount at corporate locations, Chicago Tribune says
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09:07 EDTAMZNAmazon announces content licensing agreement with Starz Digital Media
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09:04 EDTIBMSoftLayer CEO Lance Crosby leaves the IBM-owned company, Re/code says
SoftLayer CEO Lance Crosby has left the IBM-owned cloud services company, reports Re/code, citing an IBM statement and sources familiar with the move. Crosby, who stayed with the company for 19 months after being acquired by IBM for $2B, will exit Thursday or Friday and a replacement has not been named. The news follows the recent promotion of IBM veteran Robert LeBlanc to a cloud business unit. Reference Link
07:29 EDTIBMHouse Science, Space and Technology Committee to hold a hearing
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