Bernstein Upgrades Amazon.com (AMZN) to Outperform Following Selloff

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Trump administration plans two meetings on Big Tech on Wednesday

September 21, 2020 11:32 PM EDT

By David Shepardson and Diane Bartz

WASHINGTON (Reuters) - U.S. President Donald Trump will meet on Wednesday with state attorneys general about removing a liability shield protecting social media companies while the Justice Department holds a call with state officials to discuss the investigation into Alphabet's Google.

The separate meetings highlight the efforts by the Trump administration to move against an industry that he has accused of stifling conservative voices.

In the White House meeting, Trump will meet with state attorneys general from Texas, Arizona, Utah, Louisiana, Arkansas, Mississippi, South Carolina and Missouri - like Trump,... More

Baird Reiterates Outperform Rating on Semtech Corp. (SMTC) on Amazon Collaboration

September 21, 2020 10:53 AM EDT

Baird analyst Tristan Gerra reiterated an Outperform rating and $60.00 price target on Semtech Corp. (NASDAQ: SMTC) after the company announced it has teamed up with Amazon (NASDAQ: AMZN) to collaborate on its network, Amazon Sidewalk.

Operated... More

Illumina to buy Jeff Bezos-backed cancer testing firm Grail in $8 billion deal

September 21, 2020 6:57 AM EDT

By Manojna Maddipatla and Rebecca Spalding

(Reuters) - Illumina Inc (NASDAQ: ILMN) said on Monday it would buy cancer screening startup Grail Inc in a cash-and-stock deal worth $8 billion, buying out investors including Jeff Bezos and snatching back a business it spun out four years ago.

Grail is developing a liquid biopsy, a blood test intended to diagnose cancers at early stages when the disease is easier to treat. The company has said it expects to launch its flagship test Galleri in 2021, betting on a market expected to grow rapidly in... More

Amazon (AMZN) IV at 43, shares up 63% for year

September 21, 2020 2:25 AM EDT

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 43; compared to its 52-week range of 17 to 69 amid share price up 63% for year.

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'Nasdaq whale' closes more large options trades

September 18, 2020 5:35 PM EDT

By April Joyner

NEW YORK (Reuters) - A large options player which some market watchers call the "Nasdaq whale" unwound bets on several technology-related companies on Friday after the sector's recent sell-off.

The investor closed a position in a bullish call options spread on Adobe Inc (NASDAQ: ADBE) at a loss of roughly $200,000. The spread represented around $935 million of notional value. The call spread was originally bought on Aug. 5 among a group... More

Amazon (AMZN) IV at flat, call put ratio 1.2 calls to 1 put, shares down 2.5%

September 18, 2020 2:24 PM EDT

Amazon (NASDAQ: AMZN) September weekly call option implied volatility is at 46, October is at 45; compared to its 52-week range of 16 to 68. Call put ratio 1.2 calls to 1 put.

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Amazon (AMZN) call put ratio flat

September 18, 2020 10:27 AM EDT

Amazon (NASDAQ: AMZN) September call option implied volatility is at 54, September weekly is at 41, October is at 42; compared to its 52-week range of 16 to 68. Call put ratio 1.1 calls to 1 put.

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Active options: F MU AMZN X NVDA MSFT ORCL BA DKNG PENN

September 18, 2020 9:50 AM EDT

Active options: F MU AMZN X NVDA MSFT ORCL BA DKNG PENN

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Wall Street posts third week of declines as tech slide drags on

September 18, 2020 6:52 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while all three major U.S. indexes posted a third straight week of declines.

It was the Nasdaq's first such weekly streak since August 2019, and S&P 500 and Dow's first since early October 2019.

Apple Inc (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ:... More

Amazon (AMZN) 30-day option implied volatility at 44

September 18, 2020 4:36 AM EDT

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 44; compared to its 52-week range of 16 to 68. Call put ratio 1.3 calls to 1 put.

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Stocks with Implied Volatility Movement

September 18, 2020 4:17 AM EDT

Amazon (NASDAQ: AMZN) implied volatility has had increased movement

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