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2 Day Rally
Tuesday, February 2, 2010 - 10:04pm | 846Keystone Trading Group -Market Update The market continued it’s 2 day rally today. The Dow closed up 111.32, and the $SPX up over 14 points closing at 1103.82.The $SPX has been pushed back up near its 20MA at 1109. The volume over the last 2 days has been unimpressive and makes us believe that we...
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Amazon (AMZN) Changes Pricing Strategy For E-Books -CNBC
Tuesday, February 2, 2010 - 3:11pm | 123Amongst the big happenings during the weekend was the rift between Amazon (NASDAQ: AMZN) and Macmillan over the pricing of E-books. According to CNBC’s Jim Goldman, Amazon has promised to sell all its E-books at the $9.99 price tag. However, Amazon removed the Macmillan titles from its store in...
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AMZN Macmillan Issue Remains Fluid
Tuesday, February 2, 2010 - 2:24pm | 129Analyst Imran Khan of JP Morgan maintains his "overweight" rating on Amazon.com (NASDAQ: AMZN). According to JP Morgan, Amazon.com’s disagreement with Macmillan is unlikely to have been settled, as many bestselling Macmillan titles are not available on Amazon. “Bestselling Macmillan titles such as...
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Amazon.com Continues to Fall
Tuesday, February 2, 2010 - 11:08am | 142After announcing yesterday that they would raise e-book prices, Amazon.com (NASDAQ: AMZN) is selling off yet again today. The stock is currently trading $115.66, down 2.36%. This comes after a nearly 4.50% drop yesterday. Options are trading hot and heavy in the name with the puts continuing to...
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“Extraordinary Popular Delusions & the Madness of Crowds” still not available on Kindle
Monday, February 1, 2010 - 12:34pm | 726Though millions of people are buying Kindles, the Charles Mackay classic is still unavailable in Kindle edition. (Click here to request the publisher to do so). Evidently Kindle buyers are busy reading Jim Cramer’s books, which are ever-so-conveniently already available in Kindle editions. Amazon (...
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Focusing on the Economy
Sunday, January 31, 2010 - 3:01pm | 471Technology is a wonderful thing. The increasing availability of raw data and computing power lowers barriers for new businesses to compete and allows most people to take on roles they would have avoided a few years ago. While I am clearly a beneficiary of this trend, when it comes to the markets as...
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Decline In Tech Stocks Spoil The Party (INDU, SPX, MSFT, AMZN, COMP, AAPL, DOW, DD)
Friday, January 29, 2010 - 3:12pm | 276After the Commerce Department reported a strong round of economic data and companies posted impressive earnings results, US stocks rallied. However, the jump was stopped short by a slump in the technology sector. Around three hours into the session, the Dow Jones industrial average (NASDAQ: INDU)...
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Coverage On Westway Group, Postive Outlook For Amazon, Comverse Technology and Cognizant, (WWAY, ESLT, AMZN, CMVT, CTSH)
Friday, January 29, 2010 - 2:58pm | 268Analysts at Oppenheimer provided an update on companies including Amazon.Com Inc. (NASDAQ: AMZN), Comverse Technology, Inc. (OTC: CMVT), Westway Group, Inc (NASDAQ: WWAY), Cognizant Technology Solutions Corp. (NASDAQ: CTSH) and Elbit Systems Ltd. (ADR) (NASDAQ: ESLT). The firm expects stronger...
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Will AMZN Buy Netflix?
Friday, January 29, 2010 - 2:26pm | 134According to the Wall Street Journal’s Deal Journal blog, there is a possibility of Amazon.com (NASDAQ: AMZN) buying Netflix (NASDAQ: NFLX). The possibility of a takeover was first floated by The Street in June. However, analysts had rejected the idea at that time. The article mentions that with...
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Amazon.com (AMZN) Trying To Scale Above Earlier Double Top Of $143
Friday, January 29, 2010 - 2:18pm | 93Amazon.com Inc. (NASDAQ: AMZN) is yet again making an attempt to scale above its earlier double top around $143. The stock has breached above its 20 day MA and 50 day MA in a single session by Friday afternoon. Amazon.com Inc. (AMZN), the biggest online retailer in the world, has already climbed 2...
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Happy Holidays For Amazon (AMZN): 71% Hike In Profits
Friday, January 29, 2010 - 1:20pm | 105Amazon (NASDAQ: AMZN) 4Q profits soared by 71%, driven by the holiday shopping spree of 2009. The retailer drew shoppers with good deals on Kindle and a wide variety of goods. This surge in spending carried right through the holiday season, and Amazon expected a better-than-predicted 1Q as well....
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AMZN FCF To Improve
Friday, January 29, 2010 - 1:13pm | 146Analyst Tim Boyd of MKM Partners maintains his "buy" rating on Amazon.com Inc (NASDAQ: AMZN), while raising his estimates for the company. The target price for AMZN has been raised from $180 to $200. Amazon.com has reported it Q4 results significantly ahead of the consensus. AMZN has issued its...
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Amazon (AMZN) Improves Margins, Analyst Tells CNBC
Friday, January 29, 2010 - 11:52am | 103Amazon (NASDAQ: AMZN) performed very well and posted good results for the quarter. The company recorded $0.85 in net profit per share and comfortably surpassed market estimates of $0.72. Amazon also posted $9.5 billion in revenue. Amazon has also issued a strong projection for the next quarter. It...
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Is The iPad Really That Great? (AAPL, AMZN)
Friday, January 29, 2010 - 11:29am | 184Apple Inc (NASDAQ: AAPL) has always been a marketing whiz, with its latest media and advertising blitzkrieg coming with the launch of the iPad. The iPad looks great, with a rather intuitive bookstore as well as a price point that makes it accessible to consumers. But whether it redefines...
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Amazon Beats Earnings
Friday, January 29, 2010 - 11:08am | 155Amazon.com (NASDAQ: AMZN) is rallying 3.38% this morning on record earnings for the company. The company is also receiving some upgrades, contributing to the bullish tone for the stock (including one from a boutique firm from “Sell” to “Strong Buy,” if that’s not ringing the bell at the top I don’t...