MKM Partners Reiterates Buy on Amazon.com (AMZN) After Updating Estimates

Growth worries, rate hike uncertainty pull Wall Street down

February 8, 2016 7:36 AM UTC

By Caroline Valetkevitch

(Reuters) - U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day.

European banks led a global selloff in financial stocks as signs of stress in the sector mounted.

Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index down 2.6 percent.

The index is off 14.6 percent for the year, the... More

Exclusive: With full power at CBS, CEO Moonves sees more aggressive move to digital

February 6, 2016 7:05 AM UTC

By Jessica Toonkel

(Reuters) - CBS Corp (NYSE: CBS) CEO Leslie Moonves, who was given the additional title of executive chairman this week, is planning more original content and looking at taking some of his network's shows off the air and putting them exclusively on its subscription-based CBS All Access service, to compete with the growing popularity of Netflix Inc (NASDAQ: NFLX) and Hulu.

It is a bold but not sudden move for the traditional television executive running a network known for its older... More

Tiger Global still likes Internet names, gets pointers from Jeter

February 5, 2016 12:43 PM UTC

By Svea Herbst-Bayliss

BOSTON (Reuters) - Tiger Global Management still likes Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and JD.com (NASDAQ: JD), which fueled last year's positive returns, even as their stock tumbled in January, leaving the hedge fund with a double digit loss at the start of the year.

"The consumer Internet remains the largest long theme in (Tiger Global Investments), followed by software, financial technology, and retail and consumer," the firm wrote to clients in a... More

Business services firms' shares bleed as LinkedIn, Tableau crash

February 5, 2016 12:39 PM UTC

By Sarah McBride

NEW YORK/SAN FRANCISCO (Reuters) - Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products.

The uncertainty spread into the broader industry, sending the tech-heavy Nasdaq Composite Index down 3.25 percent to 4363.144. Meanwhile, the Dow Jones Industrial Average fell 1.29 percent to 16,204.97.

Business-analytics company Tableau Software (NYSE: DATA) shed half its market value a day after cutting its full-year earnings guidance to between 22 cents and 35 cents a share, around half the 57 cents... More

FANG Stocks Weaker in Early Trade

February 5, 2016 9:45 AM UTC

FANG stocks are weaker off the open:

Facebook (NASDAQ: FB) -2.1%Amazon.com (NASDAQ: AMZN) -3.6%Netflix (NASDAQ: NFLX) -2.7%Alphabet (NASDAQ: GOOGL) -1.8%
... More

Technology rout pushes Nasdaq to lowest close since 2014

February 5, 2016 7:21 AM UTC

By Caroline Valetkevitch

(Reuters) - The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.

Many stocks that had led on the way up in 2015 led the way down this week. Recent earnings and economic reports, including a tepid jobs report, seemed to confirm investors' fear that the economy, and corporate spending, are slowing.

Dismal sales forecasts from marquee technology names sent some high-profile shares crashing as investors questioned whether information-technology managers would keep spending on their products.... More

Amazon.com (AMZN), JPMorgan Chase (JPM) Said to Renew Credit Card Partnership

February 4, 2016 2:38 PM UTC

Amazon.com (Nasdaq: AMZN) is said to have renewed its credit card partnership with JPMorgan Chase (NYSE: JPM), according to Dow Jones Newswires.

Amazon and JPMorgan have had a credit card relationship since 2002.... More