Tag Archives: AMZN

Wall Street Breakfast: Must-Know News

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Cyprus reopens banks under tight restrictions. Stiff capital controls announced Wednesday designed to cut off the flow of money were in place as Cypriot banks reopened this morning. Banks have been shut for nearly two weeks as the government negotiated a bailout package with the EU and became the first eurozone country to impose losses on bank depositors. Cash withdrawals are limited to €300 per day, time deposits cannot be withdrawn until maturity, and check-cashing is banned. Additionally, anyone leaving the country may take only €1K euros with them, down from €3K in an early draft of the restrictions.

Fed doves make themselves heard. "I think this is the point where we have to be patient and let our policies work," the Chicago Fed’s Charles Evans told reporters. Separately, Boston’s Eric Rosengren and Minneapolis’ Narayana Kocherlakota presented a similar theme, with Kocherlakota even suggesting the Fed isn’t


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The Young And Restless Portfolio: Waiting For BlackBerry To Explode!

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By Regarded Solutions:

Prior to BlackBerry (BBRY) announcing its results, I wanted to give a brief update on the performance of the Young and Restless Retirement Portfolio. Once we find out what the numbers are for the initial sales of the Z10, this could be a very quick turnaround stock within the portfolio.

As so eloquently noted by Seeking Alpha’s number one technology guru, Ashraf Eassa, in this new article:

Take a deep breath everyone – BlackBerry is set to announce its earnings on 3/28. Right now, most investors are probably some combination of nervous and excited (with the magnitude of each dependent on the size of the position). Now, as much as I love the thrill of going in guns blazing into what is essentially a binary event, I don’t think that this is a prudent move for anyone without nerves of steel.

I agree that for many


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Wall Street Breakfast: Must-Know News

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Wall Street Breakfast Editors submit:

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Creditors, large depositors to take haircut in Cyprus rescue. Hours before a possible financial meltdown in Cyprus, the eurozone agreed to a €10B bailout in which the country’s second-largest bank, Laiki, will be closed and its operations folded into Bank of Cyprus. Deposits of over €100,000 will be hit with a large tax, perhaps 30% or more, while those below that level will be left untouched. Laiki’s senior bondholders will be wiped out, while Bank of Cyprus’s creditors will also be affected.

Cheniere to export £10B worth of gas to U.K. Cheniere (LNG) has signed a £10B 20-year deal to provide 1.7M metric tons of natural gas per year to U.K. energy company Centrica (CPYYF.PK) in the first such agreement between a U.S. supplier and a British utility. The deal is subject to Cheniere securing financing and the required regulatory approval, which isn’t necessarily such a


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Apple’s March Uptrend Is No Sucker Rally

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By Nicholas Kitonyi:

Apple (AAPL) has rallied 7.8% since recording a 52-week low of $419 on March 4. This is not the first time the tech giant has experienced a promising recovery since slipping to below $600. Nonetheless, the previous occasions have proved to be nothing short of a “sucker rally”, which means, a stock price increases for a short period of time before declining back to its usual position or even further below. This is normally attributed to speculation by investors following some news release or in anticipation of some news release. Apple seems set to avoid the trap this time round, though critics would argue that it’s still too early to judge.

Apple’s stock movement catalysts

The iPhone 5 has been touted as one of the major reasons Apple has dipped in value following the heavy investment in the making of the device, which now competes against aggressively priced rivals. This


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Apple’s Money Back: A Desperate Act?

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By Nicholas Kitonyi:

Apple (AAPL) is rumored to be considering returning some of its massive cash holding to shareholders, with activist investor, David Einhorn being in the front line of investors criticizing the company following his recent lawsuit. Apple is currently holding $137 billion in idle cash, of which, investors and analysts have expressed different opinions regarding various options on how to use it. Tim Cook was quick to dismiss Einhorn’s actions terming them as “silly sideshow,” as noted by CNBC. Nonetheless, the probability of returning some cash to shareholders still remains high; actually to some, it is just a matter of an official confirmation.

The implications of returning money to shareholders

Apple has long been known to invest in research and development, and this indeed does involve cash, and a lot of it. The prospect of returning a sizeable amount of cash to shareholders, in what many see as a reaction


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Wall Street Breakfast: Must-Know News

Topnews, Worldnews, , , , , , , , , , , , , , , , , , , , , , , , ,

Wall Street Breakfast Editors submit:

Top Stories
Fed OKs 16 bank capital-return programs but rejects two. The Federal Reserve has approved the capital return plans of 14 banks and rejected two – those of Ally and BB&T (BBT). Goldman Sachs (GS) and JPMorgan (JPM) received conditional approval and were asked to resubmit their programs by the end of Q3 to “address weaknesses in their capital planning processes.” JPM wants to raise its dividend to $0.38 from $0.30 and repurchase $6B in shares. Goldman’s intentions weren’t disclosed.

Samsung shares fall after launch of Galaxy S IV. Samsung’s (SSNLF.PK) shares dropped 2.6% in South Korean trading after the company yesterday launched its new Galaxy S IV flagship smartphone, which looks a lot like its predecessor. Among a host of features, the device has a 5" 1080p display, a 13MP camera, and a text/speech translator for nine languages, as well as eye-tracking and touch-free gesture


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Who Is Amazon’s Next Victim? Not Who You Think…

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ByJosh Burwick:

Amazon (AMZN) has been a great long-term investment but equally profitable have been the downside to names that have been steamrolled by Amazon’s massive investments and scale. Names such as Barnes & Noble (BKS), Borders (bankrupt), Best Buy (BBY) to name a few have all been hurt to various degrees by the low-cost, hyper-competitive Amazon. I am not highlighting another retailer to be undercut by Amazon, but rather the data warehousing space and poster child Teradata (TDC). While I am not predicting demise for the space, Hadoop has allowed companies such as Amazon to come out with competitive products at a fraction of the cost. Coincidentally, Teradata has struggled over the last few quarters, blaming shortfalls on the macro environment. Be forewarned, TDC may be feeling the initial adverse effects of Amazon Web Services (aka AWS) data warehousing product ‘RedShift’ that was unveiled only November 28, 2012.

AWS + Hadoop


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