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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:12 EDTSPLK, AMZN, CSCO, PANWSplunk climbs after analyst says shares look poised to rebound
Shares of Splunk (SPLK), which creates data mining tools, are advancing slightly in a down market after research firm Wedbush wrote in a note to investors earlier today that the stock is well-positioned to advance. WHAT'S NEW: Splunk's stock has tumbled 27% this year, while its high-growth software peers covered by Wedbush have been flat on average in 2014, analyst Steve Koenig wrote. After speaking with a number of Splunk's resellers and customers, the analyst believes that its products are becoming more popular. Moreover, Splunk's products appear to be several years ahead of its competitors, Koenig stated. Additionally, partnerships that the company has signed with a number of tech firms - including Cisco (CSCO), Amazon (AMZN), and Palo Alto (PANW) - will make it harder for competitors to put a dent in its market share, the analyst believes. With Splunk increasing the size of its sales force, the company's revenue growth could exceed expectations by as much as ten percentage points in the second half of fiscal 2015, Koenig stated. He kept a $67 price target and Outperform rating on the shares.PRICE ACTION: In early afternoon trading, the shares climbed 1% to $53.82. Splunk's stock is up 17% in the last month.
News For SPLK;CSCO;AMZN;PANW From The Last 14 Days
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January 15, 2015
08:30 EDTAMZNEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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06:27 EDTCSCOIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
16:00 EDTAMZNOptions Update; January 14, 2015
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12:43 EDTAMZNAmazon.com falls, levels to watch
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10:27 EDTAMZNFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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07:42 EDTAMZNEtsy looking to raise $300M with IPO as soon as this quarter, Bloomberg says
Etsy, which operates a website that allows people to sell handmade crafts, is working with Goldman Sachs (GS) and Morgan Stanley (MS) on an initial public offering that could come as soon as this quarter, said Bloomberg, citing people familiar with the matter. Etsy seeks to raise $300M via the offering, the report said. Publicly traded companies in the e-commerce space include Amazon.com (AMZN), eBay (EBAY), Alibaba (BABA) and zulily (ZU). Reference Link
07:13 EDTAMZNAmazon could buy controlling stake in Blue Dart, Economic Times reports
Amazon is said to be in preliminary talks to buy a controlling stake in Blue Dart, a courier and integrated express package distribution company, The Economic Times reports, citing sources. One source says Amazon could buy a 75% stake in Blue Dart held by DHL Express Singapore, though it was noted that talks are currently at an early stage. Reference Link
January 13, 2015
16:00 EDTAMZNOptions Update; January 13, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 34.42. Option volume leaders: AAPL JNJ CELG WFM TSLA TWTR AMZN GILD according to Track Data.
14:11 EDTAMZNAmazon.com climbs after Citi upgrades to buy
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10:30 EDTAMZNAmazon.com tests $300, levels to watch
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:01 EDTAMZNAmazon Studios signs Woody Allen to create television series
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07:47 EDTPANW, SPLKUBS to hold investor trip
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07:28 EDTAMZNAmazon says created, filled over 6,000 permanent jobs across EU in 2014
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07:26 EDTAMZNAmazon.com survey suggests solid growth trends, says RW Baird
Baird said their recent inventory survey for Amazon.com suggests solid growth trends in selection and marketplace. The firm sees the selection as a key growth driver for Amazon retail. Baird reiterated its Outperform rating and $340 price target on Amazon shares.
06:16 EDTAMZNAmazon.com upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Amazon.com to Buy saying the risk/reward on shares is attractive below $300. Citi believes holiday data points look good for Amazon's Q4 results and that the retailer's gross margins will rise in 2015, reversing 2014's downward trend. The firm raised its price target for Amazon to $354 from $325 and thinks the stock has support around $300. Shares of the retailing giant closed yesterday down $5.52 to $291.41.
06:07 EDTAMZNAmazon sued for $25M by Durst Organization, Forbes reports
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January 12, 2015
16:00 EDTAMZNOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
09:04 EDTAMZNAmazon wins first Golden Globe for 'Transparent,' Business Insider reports
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06:28 EDTCSCOCisco positioned for better than expected quarter, says Deutsche Bank
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