Tag Archives: amzn

Facebook, Amazon Are Trying To Knock Down Google By Doing This

Loading the player… Amazon ( AMZN ) last week announced a YouTube-like product called Amazon Video Direct, and now Facebook ( FB ) is reportedly looking to launch its own video-centric service. According to a New York Post report over the weekend, the social media giant is “searching for fresh ways to work with the music industry.” Facebook confirmed it’s testing the use of pictures and videos in a slideshow format accompanied with music for a product called “Slideshow.” The product could potentially lure music video lovers and video creators away from YouTube. Shares are falling 1.1% to 118.44 in heavy volume, nearing the 117.09 buy point it initially cleared in the wake of its estimate-beating quarterly earnings report. IBD’s Take: Get a detailed objective analysis of Facebook and Amazon stocks, and how they stack up vs. rivals at IBD Stock Checkup Facebook came under fire last week after reports accused the influential site of bias against conservative stories in its Trending section. CEO Mark Zuckerberg is meeting with conservative leaders this week over the matter. Meanwhile, Google owner Alphabet ( GOOGL ) is finding support at its 200-day line, an area the stock was able to retake just recently, as it edged 0.6% higher intraday. The stock is still struggling after an attempted breakout past a cup-with-handle buy point failed in the wake of Alphabet’s quarterly report. Alphabet briefly became the largest publicly traded company last week but Apple is now back on top. Apple ( AAPL ) shares are up 3.4% in big volume on news that Warren Buffett took a $1 billion stake in the first quarter, rebounding from their trip below the 90 price level intraday Thursday. The stock is now about 29% below its all-time high reached in April of 2015. And Amazon is falling a fraction in quick turnover as it looks to hold above the 700 price level. Shares are extended 17% past a cup-with-handle buy point cleared not too long before Amazon’s quarterly report.

Netflix Gets Vote Of Confidence From RBC Amid Heightened Skepticism

Internet television network Netflix ( NFLX ) has lost 18% of its value since reporting Q1 earnings and offering weak subscriber guidance for Q2. But RBC analyst Mark Mahaney says concerns about Netflix’s prospects are overblown. In a research report Sunday, Mahaney reiterated his outperform rating on Netflix stock, with a price target of 140. Netflix stock was up more than 2%, near 90, in morning trading on the stock market today . Shares have been falling, though, and it’s on IBD Swing Trader as a short-sale possibility. On Friday, Dan Nathan, founder of RiskReversal.com, told CNBC that options volume has grown increasingly bearish on Netflix, pointing to negative sentiment on Wall Street. Netflix has an IBD Accumulation/Distribution Rating of D+, indicating more institutional selling than buying. But the market’s concerns about Netflix’s profitability, international growth and competition are “overstated,” Mahaney said. “We still think NFLX can double in three years.” Netflix has proven profitability, a universal value proposition, material scale advantages and an excellent management team, Mahaney said. Netflix handily beat subscriber goals in the first quarter, but its target for new international subscribers in Q2 of 2 million was almost 1 million below Wall Street estimates. In the U.S., Netflix expects to add just 500,000 new subscribers as price hikes kick in for existing subscribers, increasing member churn. Meanwhile, Netflix is facing increased competition at home and abroad. In the U.S., Amazon.com ( AMZN ) and Hulu are ramping up their original and exclusive content offerings. In the U.K., the BBC is working on an online streaming service with the working name “Britflix” that would compete with the likes of Netflix, according to media reports. RELATED: Netflix Stock Gets Belated Price-Target Cut From UBS 5 Key Takeaways From Netflix’s Troubling Q1 Earnings Report Amazon Goes Head-To-Head With Netflix In Streaming Video

Globalstar Pops, Could Defeat Google, Microsoft On Wi-Fi Spectrum

Globalstar ( GSAT ) stock popped for the second straight trading day on views federal regulators will green light its petition to open up spectrum airwaves in the 2.4 GHz block for wireless services. Globalstar, a mobile satellite service operator, had faced opposition from Alphabet ’s ( GOOGL ) Google, Microsoft ( MSFT ) and the cable TV industry over concern the airwaves could interfere with Wi-Fi services. Comcast ( CMCSA ) has been expanding its public and residential Wi-Fi network and might jump into wireless services, analysts say. Tom Wheeler, chairman of the Federal Communications Commission, on Friday proposed an order that would allow Globalstar to move forward with its “authenticated Wi-Fi” service. Globalstar stock, which popped 35% on Friday, was up another 15% in morning trading in the stock market today , albeit still trading below 3. It’s possible Globalstar’s opponents such as  Microsoft or Google could make a last-ditch effort to block approval, analysts say. The FCC could issue new rules as soon as  June. Paul Gallant, an analyst at Guggenheim Partners, says a remaining issue is what limitations the FCC’s order puts on Globalstar’s commercial rollout. “There has been some concern that an FCC approval could be a Pyrrhic victory if the agency attached heavy limits on power output or out-of-band-emissions that restricted the value of Globalstar’s proposed service,” wrote Gallant in a research report. “We suspect the technical parameters are likely to approximate what Globalstar initially proposed 2.5 years ago. That would be positive for its new service.” Amazon.com ( AMZN ) reportedly had tested Globalstar’s spectrum a couple of years ago, said one report.