Canaccord Genuity Believes Amazon.com (AMZN) is Still in Investment mode But Raises Price Target to $400; Reiterates Hold
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Summit Research Positive on Micron (MU); Sees 2nd-Half DRAM Shortages and Sees Investment from Google or Others
June 12, 2015 9:44 AM EDTSummit Research analyst Srini Sundararajan reiterated a Buy rating and $50 price target on Micron Technology (NASDAQ: MU) citing likely DRAM shortages in the 2nd-half of 2015 and the view that at least on hyperscale client will likely invest in MU stock (GOOG, AMZN, AAPL).
From the Note:
Amidst Likely DRAM Shortage in 2H15.: C2Q continues to be haunted by weak PC growth and PC DRAM (30% of MUs total DRAM sales) weakness. However, the good news on PC DRAM is that probably the worst is over, as ODMs are lean, having burnt... More
Market Wrap: Twitter CEO Costolo Resigns; U.S. Retail Sales Rose in May; Hess Inks Major Midstream Deal
June 11, 2015 5:23 PM EDTMarket wrap for June 11th
End of the Day: S&P 500 up 3.7 to 2,108.86; Dow Jones up 39.0 to 18,039.37; Nasdaq up 5.8 to 5,082.51
Market Brief: U.S. markets ended positive for the second-straight session Thursday amid reports the bailout extension talks with Greece stopped on failure of the country to make progress.
Twitter CEO Dick Costolo will step down following long-time speculation that he would be replaced.
Retail sales advanced in May with just about every category showing gains. Growth was 1.2 percent,... More
European Commission Opens Formal Investigation into Amazon's (AMZN) e-Books Business
June 11, 2015 7:46 AM EDTThe European Commission has opened a formal antitrust investigation into certain business practices by Amazon.com (NASDAQ: AMZN) in the distribution of electronic books ("e-books"). The Commission will in particular investigate certain clauses included in Amazon's contracts with publishers. These clauses require publishers to inform Amazon about more favourable or alternative terms offered to Amazons competitors and/or offer Amazon similarterms and conditions than to its competitors, or through other means ensure that Amazon is offered terms at least as good as those for its competitors.
The Commission has concerns... More
