While the pundits try to figure out how Amazon's new Fire TV stacks up to competition like Apple TV and Roku, Amazon is looking forward to how much it will fatten its bottom line. Amazon knows FIre TV will make gobs of money because
amazon stock price
Amazon.com stock (Nasdaq: AMZN) stands to get a boost from a move it implemented this morning (Thursday). We'll call it "Operation Prime."
Around 8:30 a.m. EST, Amazon Prime members received the following email, notifying them of a 25% price increase from $79 per year to $99 per year, effective upon membership renewal.
Amazon.com Inc. (Nasdaq: AMZN) stock has dropped 10% today (Friday) prompting the Nasdaq to implement a short-sale restriction on the stock.
The short-sale restriction is triggered when a stock falls 10% in one trading session from the previous session's closing price. The restriction aims to prevent share-price manipulation by short sellers.
Today's stock market news, Jan. 31: U.S. markets rose on Thursday, Facebook Inc. (Nasdaq: FB) reported strong earnings, and fourth-quarter GDP increased 3.2%. The Dow Jones Industrial Average rose 0.7% to 15,848, and the Standard & Poor's 500 Index jumped 1.1% to 1,794. U.S. stock futures were down Friday before the bell after Eurozone inflation levels unexpectedly fell by 0.7%.
Thursday Amazon.com announced Q4 earnings that missed analysts' aggressive estimates of a growth increase of 238% from a year prior. That sent the stock tumbling. But there are at least four reasons why Amazon investors should not let this report scare them out of the stock.
Tech stocks like Google Inc. (Nasdaq: GOOG), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Apple Inc. (Nasdaq: AAPL) are "where the action is" in tech. They make the most money and create the most innovative products and services.
These tech stocks also serve as good benchmarks for how the whole industry is performing.
On Friday, Topeka Capital Markets upgraded its price target on Amazon.com (Nasdaq: AMZN) stock to $485.00 per share, another boost for the company that seems to do no wrong of late. The share-price target indicates potential upside of 23.21% from Amazon stock's present value of $396 per share.
Today (Tuesday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the most interesting companies of 2013 will make for next year's best investments.
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." to tell investors what he sees in retail web giant Amazon.com (Nasdaq: AMZN)'s future.
The big question for Amazon stock in 2014 is if this e-commerce and online retailing giant can keep going to record highs. Amazon stock has gone up 60% this year to about $394 per share.
Today (Thursday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the tech companies that are driving the market right now will be among the best investments in 2014.
Robinson believes the growth and earnings of tech companies continue to offer investors what they want - good cash flow and solid earnings. When Varney co-host Charles Payne points out that "Amazon hasn't made a nickel since day one," Robinson counters by saying that "each company has a unique story to tell."
Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to tell investors what he sees for the future of Amazon.com (Nasdaq: AMZN) stock.
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Wednesday) to discuss whether two hot stocks in the market right now, FB and AMZN, are good buys.
Gilani shocks Varney when he tells him what he's doing with AMZN right now...
The only retail giant continues to make new highs, yet the company's core business is slowing, and its new "growth" businesses aren't all they are cracked up to be. And with an astronomical P/E - it's in the thousands - right now, Amazon’s massive run may be over.
That's why they joined a $30 million investment round in a small supercomputing startup. The firm is taking a radical new approach to how these processors crunch massive amounts of data.
It's a field that is quickly turning its skeptics into true believers. Then again, cutting-edge tech like quantum computing doesn't come along every day.
No doubt, quantum computing is some pretty complex stuff. So, let me simplify it for you. At its root, quantum computing relies on the high-speed action inside atoms as well as particles of light.
The result is speeds so fast it makes your head spin.
We're talking about computers that could perform some functions millions of times faster than anything that's on the market today.
It's no wonder the nation's top spies and Amazon.com (Nasdaq: AMZN) founder Jeff Bezos want to get in on the ground floor. Though they didn't say how much each ponied up, both took part in the most recent round of financing for D Wave Systems.
In-Q-Tel, which invests in high tech that supports the CIA, and Bezos Expeditions join a growing list of D Wave investors. Other blue-chip backers include the Business Development Bank of Canada, Draper Fisher Jurvetson, and Goldman Sachs (NYSE:GS).
D Wave: Quantum Computing's KingpinFounded in 1999, D Wave spent its first five years in discovery mode. By that I mean the small firm was focused on coming up with novel ways to make quantum computing work and then get the patents it needed to protect the moat it was building.
That early attention to detail has clearly paid off. Today, D Wave holds 90 U.S. patents and has roughly 100 more pending around the globe.
Here's the thing. D Wave is founding a whole new sector of the computing industry while making sure it maintains a strong first-mover advantage.
After struggling for years, D Wave is now on a roll.