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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Sep. 29, 2011, 3:17 PM
    Although Research In Motion (RIMM -5.1%) denies the report that it's dumping the Playbook, the analyst drew his conclusion because a Playbook facility had laid off lots of workers. Plus, Best Buy (BBY) is slashing prices, bringing to mind what H-P did with the Touchpad, OptionMonster's Jon Najarian says. And after Amazon's (AMZN) move, the RIMs of the world had little choice.
    | 2 Comments
  • Sep. 29, 2011, 2:30 PM
    In the wake of the Kindle Fire, analysts seem to be forming a consensus about the tablet market's future: Apple (AAPL), with its differentiated hardware, software, and app base, will dominate the high-end, while Amazon (AMZN), with its subsidized pricing and media/services assets, will control the low-end. And everyone else will be out of luck.
    | 16 Comments
  • Sep. 29, 2011, 1:28 PM
    Ticonderoga's Brian White may love Apple (AAPL), but he's quite bearish on PC rival Dell (DELL), believing soft enterprise and government demand will do further harm. White thinks recent negative remarks from HPQ and JBL about bode poorly for the firm, and is also worried the Kindle Fire (AMZN) will kill off Dell's chances to be a strong tablet player. (previously)
    | 1 Comment
  • Sep. 29, 2011, 12:03 PM
    Big tech momentum names are down in big chunks without much news to explain it, but Mark Gongloff tries: "Are hedge funds dumping to raise cash, or are portfolio managers doing some quarter-end shuffling? Maybe a bit of both." Netflix (NFLX -8.9%) continues its beatdown, now -49% this month. AAPL -0.5%, AMZN -1.9%, PCLN -3.9%, BIDU -6.5%.
    | 1 Comment
  • Sep. 29, 2011, 10:37 AM
    It's still a momentum trade - to the downside. Netflix (NFLX -8.8%) sinks on no fresh news, but shares broke through $125 yesterday so now people want to dump them. Competition hurts: Amazon’s (AMZN) new Kindle will let users stream movies, and Microsoft (MSFT) will get some pay TV content from Comcast (CMCSA) and Verizon (VZ) streamed to its Xbox Live.
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  • Sep. 29, 2011, 9:52 AM
    Troubled smartphone maker Research In Motion (RIMM) recently lost three additional execs, according to CrackBerry.com. Meanwhile, Best Buy (BBY) has responded to Amazon's (AMZN) Kindle Fire announcement by slashing the price of RIM's PlayBook tablet, which saw disappointing FQ2 sales, to a mere $299. (previously)
    | 2 Comments
  • Sep. 28, 2011, 6:05 PM
    Retailers find an interesting characteristic of consumers who browse their websites using tablets: They're much more likely to pull the trigger on purchases than other online shoppers. Many retailers also say tablet users place bigger orders - in some cases 10%-20% more - on average than shoppers using PCs or smartphones.
    | 4 Comments
  • Sep. 28, 2011, 5:27 PM
    Its shares clobbered thanks to Amazon's (AMZN +2.4%) Kindle fiesta (I, II, III), Barnes & Noble (BKS -6.9%) is already sending out e-mails offering the Nook Color to customers at a $25 discount. It's not far-fetched to think B&N will also be more aggressive in its pricing for upcoming Nook models than has been previously rumored.
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  • Sep. 28, 2011, 3:20 PM
    Benchmark's Fred Moran considers the Kindle Fire a "direct threat" to Netflix (NFLX +0.6%), given how it comes with 30-day trial for Amazon's (AMZN +3.9%) Prime Video service. Larry Dignan, meanwhile, thinks the device's low price tag spells doom for RIMM's PlayBook and every other rival tablet not called the iPad (AAPL).
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  • Sep. 28, 2011, 2:55 PM
    Still more from Amazon (AMZN): CEO Jeff Bezos definitively says it will collect sales taxes from California customers by 2013. Amazon will not challenge the law in court or close its California facilities to avoid sales-tax collection, Bezos says.
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  • Sep. 28, 2011, 1:58 PM
    Though the market is happy with Amazon's (AMZN +3.6%) new Kindles (I, II, III), Citi's Mark Mahaney is worried Amazon's aggressive pricing will slightly dent its 2012 EPS. However, he thinks a positive EPS impact is "more likely" for 2013. Piper doesn't expect iPad (AAPL) sales to be hurt much by the Kindle Fire, given its smaller display and lack of a 3G model.
    | 3 Comments
  • Sep. 28, 2011, 1:51 PM
    Some analysts say Apple (AAPL +0.2%) and Amazon (AMZN +4%) are now the only true competitors in the tablet computing space, but the two stocks trade at wildly different valuations. Tadas Viskanta's point isn’t that one is overvalued and the other is undervalued, it's that the market is putting very different valuations on two companies that are coming into closer contact and competition.
    | 3 Comments
  • Sep. 28, 2011, 12:52 PM
    Kindle announcement aftermath: Amazon (AMZN) keeps trekking higher, now up 4.8%. Apple (AAPL) shows no ill effects, flatlining for most of the day and now poking out a 0.2% gain. Uncontrolled bleeding at Barnes & Noble (BKS), shares down 11.2% and still sinking. With the crucial holiday season coming up, can BKS recover with a new launch or inspired pricing cut?
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  • Sep. 28, 2011, 11:47 AM
    One final product from Amazon's (AMZN) event: a web browser called Amazon Silk, which the company claims will dramatically boost the Kindle Fire's browsing performance relative to rival tablets by using Amazon's EC2 infrastructure to offload processing. But iPad (AAPL) users could be unimpressed if this means browsing on the Fire's 7-inch display. (more)
    | 7 Comments
  • Sep. 28, 2011, 10:38 AM
    More news from Amazon's (AMZN +2.5%) big event: The company is adding a touchscreen model to its traditional Kindle line, called the Kindle Touch. A Wi-Fi-only version of the Kindle Touch will sell for $99, while a 3G version will cost $149, and offer lifetime wireless data in 100 countries. (Kindle Fire) ($79 Kindle)
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  • Sep. 28, 2011, 10:16 AM
    Shares of Barnes & Noble (BKS) take a punch to the gut, losing 8.3% after Amazon's (AMZN +1.1%) Kindle Fire launches. The rumor mill churns out chatter that the company will launch a new e-reader next quarter at a price point of $349...a 75% premium to the new Kindle.
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AMZN vs. ETF Alternatives
Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements.