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I'm still long Netflix
Thursday, January 27, 2011 - 6:11pm | 580I retweeted an article this morning that I wrote last month suggesting that it would be ill-advised to short Netflix (NASDAQ: NFLX). I sent the unabashed retweet after learning that Netflix stock was up sharply after hours yesterday following an earnings report that exceeded analysts' expectations...
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Amazon Results Don't Match Run-Up - Analyst Blog
Thursday, January 27, 2011 - 6:01pm | 470Investors had been giddy with excitement for Amazon.com Inc. (AMZN) 4th quarter earnings results during regular trading Thursday. Before earnings were announced after the closing bell, AMZN shares had run up over $9 per share (5.17%). But then reality set in... Even though Amazon.com Inc. posted an...
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Amazon Results Don't Match Run-Up - Analyst Blog
Thursday, January 27, 2011 - 5:51pm | 470Investors had been giddy with excitement for Amazon.com Inc. (AMZN) 4th quarter earnings results during regular trading Thursday. Before earnings were announced after the closing bell, AMZN shares had run up over $9 per share (5.17%). But then reality set in... Even though Amazon.com Inc. posted an...
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Amazon Plunging After Revenue Miss (AMZN)
Thursday, January 27, 2011 - 5:17pm | 199Amazon.com Inc. (NASDAQ: AMZN) reported fourth quarter earnings that missed on the top line, but beat on the bottom line, and shares are plunging in after-hours trading. Amazon reported fourth quarter earnings of 91 cents per share, versus Wall Street estimates of 88 cents per share. Revenues were...
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Amazon Shares Down 10%
Thursday, January 27, 2011 - 5:14pm | 56Shares of Amazon (NASDAQ: AMZN) are down over 10% at the time of post from Thursday's market close of $184.45. As Benzinga readers know, Amazon released its Q4 2010 financial earnings after Thursday's market close.
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Amazon Reports Q4 EPS of $.91 vs. $.88; Revenues $12.95B vs. $12.98B
Thursday, January 27, 2011 - 5:06pm | 130Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2010. Operating cash flow increased 6% to $3.50 billion for the trailing twelve months, compared with $3.29 billion for the trailing twelve months ended December 31, 2009. Free cash flow...
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CTXS Has Major Fade From Open
Thursday, January 27, 2011 - 4:41pm | 87Citrix Systems Inc.(NASDAQ: CTXS) has been one of the leading tech stocks of 2010. Since December 8, 2010 the stock has been under pressure. Today CTXS started the morning sharply higher in sympathy to the positive Netflix Inc(NASDAQ: NFLX) earnings. Citrix System stock has sold off sharply today...
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Potash (POT) Beats by 12 Cents, Guides 2011 a Bit Higher but Excites Crowd with 3-1 Split
Thursday, January 27, 2011 - 4:37pm | 552It is always bemusing to watch stocks jump on stock splits which are nothing but an accounting change. 2x more stock at half the price. Nothing changes but back in 1999 you'd see stocks jump 15-20% on a stock split as long as it was on the NASDAQ. Some of that behavior still lives. Potash (POT...
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Netflix Near The Highs Of The Session (NFLX)
Thursday, January 27, 2011 - 4:24pm | 80Netflix (NASDAQ: NFLX) continues to be a monster, doesn't it? At last check, shares were hovering around the $211 mark, up $27 per share on the regular session, a gain of 15.2%. The stock has traded 16 million shares today, more than four times its average daily volume. Yesterday, the company...
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Shorts Get Killed In Netflix Again (NFLX)
Thursday, January 27, 2011 - 3:41pm | 125Going into Netflix's (NASDAQ: NFLX) Q4 earnings, it was one of the most shorted stocks on the Nasdaq exchange, with a short interest over 20%. Put simply, many players on Wall Street are continuing to bet against this name. The major knock against the stock is its valuation. NFLX trades at a...
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Netflix Continues Higher (NFLX)
Thursday, January 27, 2011 - 2:04pm | 197Netflix, Inc. (NASDAQ: NFLX) bears are hurting this morning, after the company reported strong earnings, and raised its guidance for the first quarter of next year. The company received several analyst upgrades following the earnings report, with Caris & Co. raising its price target to $224,...
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Markets Stall At Dow 12000, Here Is Why
Thursday, January 27, 2011 - 12:51pm | 313The markets have been hammering at Dow 12,000 now for three straight days. This is getting exciting and interesting at the same time. In the past three months, since this up leg has gone into motion, the market has never hammered on a level for so long and not broken though. The SPDR S&P 500...
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Netflix Up 13.5% After Hitting 52-Week High (NFLX)
Thursday, January 27, 2011 - 12:40pm | 156Shares of Los Gatos, California-based Netflix, Inc. (Nasdaq: NFLX) are trading up 13.5% at $207.77 per share during the Thursday morning trading session. The day's trading range for shares of Netflix, Inc has been between $204.58 and a 52-week high of $211.30 per share. Analysts covering the...
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Top Narrow Based Indexes For January 27 (CCME, NFLX, ISSI)
Thursday, January 27, 2011 - 12:02pm | 186By 11:00 am, the Dow Jones Industrial Average was up 28.72 points, or 0.24%, to 12,014.16, while the broader Standard & Poor's 500 index had gained 2.83 points, or 0.22%. The NASDAQ composite index advanced 10.26 points, or 0.37%. Some of the narrow based indexes that are driving the markets...
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IACI Enters Oversold Territory - Tale of the Tape
Thursday, January 27, 2011 - 12:01pm | 110IAC/InterActiveCorp's (IACI) share price has entered into oversold territory with a stochastic value of 18.29. The Zacks Consensus Estimate on the company's earnings for December 2010 increased by a penny over the past two months to 48 cents per share. IAC/InterActiveCorpis a Zacks #1 Rank (“Strong...