Jun. 10, 2014, 2:36 PM
- Reuters reports Amazon (AMZN) is set to launch a local services marketplace later in 2014. Angie's List (ANGI) has fallen in response.
- Angie's already faces competition from eBay's Hire local services marketplace, and has long had to contend with Yelp's free reviews.
- Previous: Angie's List gains on BofA/Merrill upgrade
May. 20, 2014, 10:21 AM
- Amazon (AMZN +1.7%) trades higher amid a tough day in retail.
- There's nothing concrete on the table, but some analysts think the company has been stealing some market share from major retailers in Q1 and Q2 as consumers continue to evolve their shopping habits. Staples (SPLS -10%) and Office Depot (ODP -1.5%) come to mind.
- Starbucks (SBUX -1.3%) CEO Howard Schultz seems to have called the retail slide with his perception that a "seismic shift" toward online and mobile is beyond the tipping point (FBN interview, SBUX conference call).
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Apr. 25, 2014, 9:13 AM
Apr. 24, 2014, 4:42 PM
- Amazon (AMZN) reports a 26% gain in sales in North America to $11.86B and a 18% rise in sales for its international business to $7.88B. Profits increased at a faster rate on the U.S. side.
- Overall, Amazon's operating margin narrowed 40 bps Y/Y to 1.1%. Once again, management wasn't shy about letting operating expenses grow right along with sales.
- The company sees revenue of $18.1B-$19.8B in Q2 vs. $19.0B consensus. An operating loss of up to $455M is expected for the period.
- AMZN +2.1% AH
Apr. 24, 2014, 1:08 PM
- Re/code reports Amazon (AMZN +3.5%) is paying HBO (TWX +0.1%) $300M+ over three years for its streaming deal. While steep, that figure is less than many estimated, particularly given the cost of Amazon's deals with Viacom and Epix.
- The Amazon/HBO deal covers many of HBO's biggest hits, including The Sopranos, The Wire, Six Feet Under, Boardwalk Empire, and True Blood (early seasons for the last two). But it doesn't cover HBO's biggest current hit (Game of Thrones).
- Separtely, Amazon has launched Prime Pantry, its latest salvo at supermarkets and Wal-Mart/Target's grocery ops. Prime Pantry allows Prime subs in the continental U.S. to have up to 45 pounds of groceries shipped for a flat fee of $6. It arrives as Amazon gradually expands the reach of its AmazonFresh same-day delivery service.
- Shares are up strongly ahead of today's Q1 report. Recent ChannelAdvisor data has been encouraging, a sales tax survey less so.
Apr. 8, 2014, 11:55 AM| Comment!
Apr. 8, 2014, 11:34 AM
- Aided by better weather, ChannelAdvisor (ECOM +4.2%) clients saw a 26.2% Y/Y increase in their Amazon (AMZN +3%) same-store sales in March, up from 23% in February and 14% in January.
- eBay (EBAY +3.1%) same-store sales rose 17.8% in March vs. 15% in February and 12.7% in January. Fixed-price sales +21.5%, auctions -10%, Motors +19.7%.
- Search ad-driven same-store sales, dominated by traffic from Google's (GOOG +3%) AdWords, rose 11.2% vs. 4.3% in February and 10.3% in January. Clicks were flat due to a shift towards Google's Product Listing Ads (PLAs). Ad prices fell 7% (soft smartphone ad prices are a likely factor), click rates rose 2%, and average order value rose 5%.
- PLA-driven same-store sales rose 34.5%. Though that's down from February's 48% and January's 62.8%, ChannelAdvisor chalks it up to "a normal aging of the program," given PLAs only launched in late 2012.
- Amazon, eBay, and Google are all posting solid gains amid a broader rebound in Internet stocks.
Apr. 2, 2014, 8:44 AM
- Share of Amazon (AMZN) are on watch today with the company set to host an event in New York City during which a video-streaming device is expected to be introduced.
- The event begins at 11:00 a.m. ET.
- What to watch: Though the device (either set-top box or dongle) will pivot around Amazon Prime, the companies which get invited into the box with third-party apps could set the tone for the direction Amazon might be with its streaming model. There's some speculation that standing as a paywall to other content could be part of the Amazon long-term plan.
- AMZN +0.7% premarket
Mar. 18, 2014, 8:19 AM
Mar. 13, 2014, 8:38 AM
- Amazon (AMZN) confirms in an e-mail to customers that it will bump up the price of Amazon Prime to $99 when their memberships renew.
- The company notes the 40K movie and TV episodes available to customers through Prime Instant Video, along with the 500K books through the Kindle lending library.
- It also makes some hay out of the two-day free shipping option for Prime members which now includes 20M items.
- AMZN +2.1% premarket
Feb. 12, 2014, 9:47 AM
- Amazon (AMZN -1.6%) has been cut to Neutral by UBS. The firm cites Amazon's soft Q4 top-line performance, and a CIRP survey that indicates only 58% and 24% of Prime subs would respectively renew following price hikes of $20 and $40 (currently under consideration).
- Intuit (INTU -5%) has been cut to Underweight by Evercore following its FQ2 guidance cut.
- Veeco (VECO +3.1%) has been upgraded to Outperform by Credit Suisse ahead of its Feb. 19 Q4 report.
- comScore (SCOR -0.8%) has been upgraded to Outperform by Northland following its Q4 beat.
- Itron (ITRI +5.5%) has been upgraded to Buy by Needham ahead of today's Q4 report.
Jan. 31, 2014, 2:38 PM
- Though its shares have tumbled, Amazon (AMZN -9.9%) has received an equal number of PT hikes and cuts (7 apiece) after missing Q4 estimates, offering soft Q1 guidance, and stating it's weighing a Prime price hike as it contends with heavy usage and still-surging fulfillment spend. S&P is the only firm to change its rating, cutting shares to Sell.
- Benchmark remains optimistic about long-term margin expansion, and believes Amazon will still deliver 32% OIBDA growth in Q1. The firm chalks up Q4's major slowdown in EGM revenue growth (23% vs. 29% in Q3) to aggressive holiday season electronics discounting.
- Cowen estimates a Prime price hike would produce $380M-$760M/year in gross profit at current subscriber levels. Morgan Stanley believes the churn impact of a hike would be limited, given its belief "Prime remains one of the best values around."
- Susquehanna likes the fact gross margin rose again. Evercore thinks Amazon's paid unit growth slowdown (25% vs. 29% in Q3) is "largely temporary," and have much to do with Amazon's international media sales being behind its U.S. ops in transitioning to digital.
- Amazon mentioned on its CC (transcript) active accounts rose by 13M Q/Q to 237M. 3rd-party sellers accounted for 39% of paid units vs. 40% in Q3.
Jan. 31, 2014, 9:09 AM
Jan. 30, 2014, 4:26 PM
- Amazon (AMZN) saw revenue growth decelerate in Q4 from the previous two quarters (Q3 24%, Q2 22%).
- North America sales rose 25.9% Y/Y to $15.33B, while International sales were up 12.8% to $10.26B.
- The company saw a nearly even growth rate between media and electronics in North America.
- Q1 guidance is below expectations. Sales are projected at $18.2B-$19.9B and the company sees an operating gain/loss of -$200M to $200M.
- AMZN -9.9% AH
Jan. 17, 2014, 9:15 AM
- The warning from UPS (UPS) this morning is a double-edged sword with Q4 EPS cut due to transitory higher costs from temporary workers, but the outlook for 2014 factoring in more underlying demand factors. UPS stayed within its long-term profit growth targets, but missed analyst expectations.
- Shares of FedEx (FDX) are lower in early trading after the UPS guidance cut.
- Though there's plenty of speculation that the UPS Q4 miss, due in part to a surge in late online orders, could be a signal that Amazon's (AMZN) delivery traffic exceeded expectations - investors aren't betting the house on that premise just yet.
- Premarket: UPS -2.9%, FDX -1.3%, AMZN -0.1%.
Dec. 13, 2013, 9:38 AM
- Amazon (AMZN +1.3%) has been upgraded to Strong Buy by ISI.
- Stratasys (SSYS +2.5%) has been started at Overweight by Stephens.
- Ciena (CIEN +1.5%) has been upgraded to Outperform by BMO a day after posting mixed FQ4 results and slightly disappointing FQ1 revenue guidance (midpoint below consensus).
- Ubiquiti (UBNT +1.1%) has been started at Outperform by Wells Fargo.
- Procera (PKT +2.1%) has been started at Buy by D.A. Davidson.
- China Mobile Games (CMGE +3%) has been started at Buy by Brean.
AMZN vs. ETF Alternatives
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. It also offerselectronic devices like Kindle e-readers and Fire tablets.
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